Acquiring Company
OCBC
Acquired Company
Great Eastern Holdings Ltd
SingaporeSingaporeFinanceFintechLendingFinancial ServicesFinanceEmployee BenefitsInsuranceDescription
OCBC, Singapore’s second-biggest lender, has announced a S$1.4 billion offer to buy the remaining stake in insurer Great Eastern Holdings. The aim is to delist the company and strengthen OCBC's business pillars of banking, wealth management, and insurance, as well as to optimize its capital to enhance shareholder returns.
Quick answer
OCBC is acquiring Great Eastern Holdings Ltd for $1.4 billion, announced May 10, 2024. OCBC is based in Singapore, Southeast Asia, Singapore.
- How much did OCBC pay for Great Eastern Holdings Ltd?
- The reported deal value is $1.4 billion.
- What does OCBC do?
- OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.
- Where are OCBC and Great Eastern Holdings Ltd based?
- OCBC is based in Singapore, Southeast Asia, Singapore. Great Eastern Holdings Ltd is based in Singapore, Southeast Asia, Singapore.
Source: Fundz verified event record.
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Who to call at OCBC, and when
When OCBC changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day OCBC raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at OCBC, from your own LinkedIn network
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Frequently asked
Who acquired Great Eastern Holdings Ltd?
Great Eastern Holdings Ltd was acquired by OCBC, based in Singapore. The deal was reported on May 10, 2024. OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. OCBC is privately held and operates in Finance.
When did OCBC acquire Great Eastern Holdings Ltd?
OCBC's acquisition of Great Eastern Holdings Ltd was reported on May 10, 2024. OCBC, Singapore’s second-biggest lender, has announced a S$1.4 billion offer to buy the remaining stake in insurer Great Eastern Holdings. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Great Eastern Holdings Ltd do?
Great Eastern Holdings Ltd is a major insurance company in Singapore and Southeast Asia. It provides a variety of insurance and financial products to individuals and businesses. It is privately held, operating in Financial Services, and is based in Singapore.
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