<div class="csl-bib-body">
<div class="csl-entry">El-Rayes, J. (2015). <i>Strategic acquisition of a direct bank by an international banking group</i> [Master Thesis, Technische Universität Wien]. reposiTUm. https://doi.org/10.34726/hss.2015.29247</div>
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dc.identifier.uri
https://doi.org/10.34726/hss.2015.29247
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dc.identifier.uri
http://hdl.handle.net/20.500.12708/5149
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dc.description.abstract
Financial services are a volatile industry. Since the financial crisis, the industry has been dominated by historically low interest rates - the main source of income for retail banks and ever increasing regulations. Mergers & Acquisitions are an important strategic tool in order to gain competitive advantage inorganically - economies of scale, market share or access to new technology. Yet a major challenge in the acquisition of a company is the determination of a fair value. There is no objective price for a company but based on the expectation of synergies and future income as well as an assessment of the seller's current situation, each buyer is ready to pay a different price. This Master's Thesis compares established valuation methodologies and their applicability on financial institutes. A case study evaluates strategic considerations and their outcomes for a banking merger.
en
dc.language
English
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dc.language.iso
en
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dc.rights.uri
http://rightsstatements.org/vocab/InC/1.0/
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dc.subject
Mergers & Acquisitions
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dc.subject
Corporate Finance
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dc.subject
Valuation
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dc.subject
Retail Banking
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dc.subject
Business Strategy
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dc.title
Strategic acquisition of a direct bank by an international banking group