Radar > 226208

Bankia could receive offers for its real estate portfolio

Bankia podría comenzar a recibir ofertas por su cartera inmobiliaria

Intel ID : 226208
Synopsis

Spain-based Bankia (BME: BKIA) could start receiving non-binding offers to acquire its real estate portfolio, through its advisor Credit Suisse (SIX: CSGN; NYSE: CS), as reported by newspaper El Confidencial in an article published on 16 June 2015 based on sources close to the company.

Among the possible buyers are US-based Oaktree Capital Management, Cerberus Capital Management, Apollo Global (NYSE: APO) and TPG Capital.

Market sources indicate the deal value could be som EUR 2.5bn, which would represent a 40% discount compared with the initially announced EUR 4.8bn. (see related intel)
(content in spanish)

La entidad bancaria Española Bankia (BME: BKIA) podría comenzar a recibir ofertas no vinculantes por su cartera inmobiliaria a través de su banco asesor Credit Suisse (SIX: CSGN; NYSE: CS) , según ha publicado El Confidencial en un artículo del 16 de junio de 2015 basado en fuentes cercanas a la compañía.

Entre los posibles compradores interesados destacan los fondos estadounidenses Oaktree Capital Management, Cerberus Capital Management, Apollo Global Management (NYSE: APO) y TPG Capital.

Fuentes del mercado indican que el importe de la operación podría rondar los EUR 2.500m, lo que supondría una rebaja del 40% respecto a los EUR 4.800m anunciados en un principio. (Ver intel relacionado)

Seller

Bankia
Spain

Advisors

retained

Intel ID 226208
Value EUR 2.500,00m
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect 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.