BBVA will reduce its presence in China
BBVA reducirá su presencia en China
Intel ID : 221035
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Ángel Cano, CEO of Spanish bank BBVA, announced the bank will reduce its stake in China Citic Bank International, which is approximately 9.9% after selling 5.10% of the capital at the end of 2013. Nevertheless, BBVA's divestment plan in China does not include total exit from the country. Dates and stake percentages are still unknown.
(content in spanish)
El consejero delegado de la entidad financiera española BBVA, Ángel Cano, ha anunciado que la compañía reducirá su participación en China Citic Bank International, que se sitúa en un 9,9% tras haber vendido un 5,10% de su accionariado a finales de 2013. Sin embargo, el plan de desinversión de BBVA en China, del que no han trascendido fechas, porcentajes ni importes, no contempla la salida completa del país asiático. |
| Intel ID | 221035 | |
| Value | ND | |
| Native Currency | Euro (EUR) | |
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Financial Data - China Citic Bank International
(31 Dec 2014) |
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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25.01.08 Investment Banking & Brokerage Services 25 Financial Services / 25.01 Banking & Investment |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.