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CTG - Banking consolidation does not come cheap - AGM Note

Company Research

14 Apr 2015

CTG kicks off what will be a series of bank AGM where the pricing of M&A transactions will be announced. In the case of CTG it is a merger with PG Bank to be fully funded by script on a ratio of 0.9 CTG shares for every 1 PG Bank share (≈USD226mn using today’s close).

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