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Bankinter could be negotiating to acquire Barclays Portugal

Bankinter podría estar en negociaciones exclusivas para adquirir Barclays Portugal

Bankinter estaria em negociações exclusivas para comprar Barclays Portugal

Intel ID : 227551
Synopsis

UK-based Barclays Bank (LSE: BARC; NYSE: BCS) is negotiating the exclusive sale of its retail banking unit in Portugal to Spain-based Bankinter (BME:BKT), as reported by Reuters on 24 July 2015.

Undisclosed sources close to the process, confirmed that negotiations to sell the bank in Portugal, which has 85 subsidiaries, are more advanced than those to sell Italy's unit with 90 subsidiaries. The sale in Portugal could exclude operations with Barclays' investment banking and credit cards.
(content in spanish)

La entidad bancaria británica Barclays Bank (LSE: BARC; NYSE: BCS) podría estar en negociaciones exclusivas para vender su unidad de negocio de banca minorista en Portugal al banco española Bankinter (BME: BKT), según ha reportado Reuters el 24 de julio de 2015.

Las fuentes, cuyos nombres no fueron revelados, confirman que las negociaciones para vender el negocio en Portugal, donde Barclays tiene 85 sucursales, están más avanzadas que las conversaciones para vender el mismo negocio en Italia, donde cuenta con 90 sucursales. La venta en Portugal podría excluir las operaciones de banca de inversión o de tarjetas de crédito.
(content in portuguese)

O britânico Barclays Bank (LSE: BARC; NYSE: BCS) está em negociações exclusivas para vender a sua unidade de negócio da banca de retalho em Portugal ao banco espanhol Bankinter (BME:BKT), publicou o jornal Económico em 24 de julho de 2015, citando a fontes cujos nomes não foram revelados.

As fontes confirmam que as negociações para vender o negócio em Portugal, onde o Barclays tem 85 filiais, estavam mais avançados do que conversações para alienar a operação em Itália, onde detém 90 filiais. A venda em Portugal poderá excluir as operações de banco de investimento e de cartões de crédito do Barclays.

Bidder

Target

Seller

Barclays Bank
United Kingdom

Intel ID 227551
Value ND
Native Currency Euro (EUR)
Date
Country
Region
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Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

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.