NIBC says it will pay 2019 dividend to Blackstone to ensure acquisition
May 18, 2020 at 17:04 PM EDT
Dutch bank NIBC Holding NV said late on Monday it has agreed to pay its 2019 dividend to its proposed buyer, U.S. equity firm Blackstone Group Inc, before the deal settles, in order to remove one hurdle to the proposed 1.36 billion-euro ($1.47 billion) takeover.