Strange timing given DXC just appointed 2 new board members a little over a week ago.
https://ibsintelligence.com/ibsi-news/fnz-completes-acquisition-of-german-fondsdepot-bank/
5 replies (most recent on top)
It has been waiting for regulatory approval for a long long time, so you can be sure other changes are merely coincidence.
thank God - one more issue solved. not sure how much money we would have lost in this exotic bank
OP here I agree but I also want to mention that DXC was waiting on regulatory approval for the Fonds Depot sale. Sounds to me like whom ever wants to buy DXC was waiting for them to get rid of AXA and Fonds Depot before going into serious negotiations. After all who'd want to own a German bank in this environment? DXC probably found out that they got regulatory approval and the deal was about to close before they hired the new board members. In otherwords DXC now feels confident enough to hire board members for advice on a potential buyout. Just my 2 cents. Bigger question is why are these new board members politicians and have so much experince in anti-trust law? Seems to me like the aquirer is some like IBM and they need connections in washington.
exactly - its the beginning of the great asset disposal, will no doubt be more items like this spun off and out
whoever wants to purchase DXC doesn’t want these business !