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Cerberus Capital Management and Oaktree Capital Management could be bidding for Bankia real estate assets

Cerberus Capital Management y Oaktree Capital Management podrían estar pujando por activos inmobiliarios de Bankia

Intel ID : 230347
Synopsis

US-based private equity firms Cerberus Capital Management and Oaktree Capital Management (NYSE: OAK) could be bidding for real estate assets held by Spanish bank Bankia (BME: BKIA), as published by newspaper Expansión on 13 October 2015.

According to Expansión, Cerberus Capital Management may have submitted a EUR 2.1bn proposal to acquire 75% of Bankia's properties. On the other hand, Oaktree may have also submitted a proposal but for a lesser value and less assets.
(content in spanish)

Las firmas de private equity estadounidenses Cerberus Capital Management y Oaktree Capital Management (NYSE: OAK) podrían estar pujando por los activos inmobiliarios de la entidad bancaria española Bankia (BME: BKIA), según ha señalado el diario Expansión en una información del 13 de octubre de 2015.

Según Expansión, Cerberus Capital Management podría haber presentado una oferta de EUR 2.100m para adquirir el 75% de los pisos y solares en manos de Bankia. Por su parte, Oaktree podría haber presentado también una oferta, aunque con menor importe y por una cartera de activos más reducida.

Intel ID 230347
Value EUR 2.100,00m
Native Currency Euro (EUR)
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Subsector (Old TTR Sectors)
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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

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

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.