NIBC says it will pay 2019 dividend to Blackstone to ensure acquisition
May 18, 2020 at 17:11 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.