Radar > 217435

Barclays is considering suspending the sale of its business in Spain

Barclays se plantea suspender la venta de su negocio en España

Intel ID : 217435
Synopsis

Barclays is considering suspending the sale of its subsidiary in Spain. The alternative could be reducing significantly its network and concentrate on medium and high-income clients.

Client exit, following Barclays announcement of the intention to sell its Spanish subsidiary, caused a decline in value of the entity. The bank considers insufficient the prices managed by potential buyers.
(content in spanish)

Barclays se plantea dar marcha atrás en la venta de su filial española. La alternativa que está estudiando pasa por llevar a cabo una reducción importante de la red para centrarse en clientes de rentas medias y altas.

La salida de clientes a raíz de que Barclays anunciase que pretendía vender su filial española ha provocado un descenso del valor de la entidad, que ve insuficientes los precios que manejan los potenciales compradores.

Seller

Barclays Bank
United Kingdom

Intel ID 217435
Value ND
Native Currency Euro (EUR)
Financial Data - Barclays España
(30 Jun 2014)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
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

Seller

Name
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

Radar

Date Title Type Intel Grade Country Subsector  
-
-
-
-

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) 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.