Reuters – Apollo Bids for BSI

Spain's Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali's Swiss private bank BSI in a deal worth up to 2 billion euros ($2.6 billion), three people with knowledge of the matter said on Tuesday, Reuters reported. Brazilian bank Safra and Chinese rival ICBC are also bidding for BSI, two of the people said.

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