Banco Ceiss puts part of its banking business in Spain up for sale
Banco Ceiss pone a la venta parte de su negocio bancario en España
Intel ID : 220228
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Banco Ceiss has placed its business outside Castilla y León and Madrid up for sale . The bank hired investment bank N+1 to explore options to sell its non-performing loans in areas considered non-strategic, to banks and international investors. N+1 divided the transaction, known as Proyecto Toro, in two: on one hand there are 32 offices held by Banco Ceiss, in the regions Brussels demanded closure; and on the other hand a portfolio of non-performing loans valued at approximately EUR 1bn.
(content in spanish)
Banco Ceiss ha puesto en venta su negocio fuera de Castilla y León y Madrid. La entidad ha contratado al banco de inversión N+1 para que explore la posibilidad de vender a bancos e inversores internacionales su red y los créditos problemáticos de las regiones consideradas no estratégicas. N+1 ha dividido la operación, conocida como Proyecto Toro, en dos: por un lado las 32 oficinas de Ceiss en los territorios que Bruselas exige cerrar; y por otro, una cartera de créditos problemáticos de casi EUR 1.000m de euros. |
| Intel ID | 220228 | |
| Value | ND | |
| Native Currency | Euro (EUR) | |
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Financial Data - EspañaDuero (Banco Ceiss)
(31 Dec 2013) |
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25.01.03 Commercial, Retail & Mortgage Banking 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.