Private equity firm JC Flowers has finalised its acquisition of the French subsidiary of Italy’s Monte dei Paschi di Siena, marking the completion of a long-planned divestment as the bank continues its post-bailout restructuring, according to a report by Reuters.
The deal, announced on Tuesday, did not include financial terms. JC Flowers said it intends to reposition the business toward wealth management and expand its focus on partnerships with independent financial advisers, alongside niche le...
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