Union Kbc: Union Bank of India : gets CCI nod to buy out partner stake in asset management JVs

(4-traders.com) State-run Union Bank of India has received fair trade regulator Competition Commission (CCI) approval to acquire 49 per cent stake in joint ventures Union KBC Asset Management Co Pvt Ltd and Union KBC Trustee Company Pvt Ltd, according to a tweet by CCI. In October 2015, the board of directors of Union Bank of India approved in principle the...http://www.4-traders.com/UNION-BANK-OF-INDIA-9058857/news/Union-Bank-of-India-gets-CCI-nod-to-buy-out-partner-stake-in-asset-management-JVs-21624258/