FROB could list BMN without selling its stake
El FROB podría sacar BMN a Bolsa sin vender su participación
Intel ID : 226238
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Minister of Economy of Spain, Luis de Guindos, said the Fund for Orderly Bank Restructuring (FROB) considers to publicly list Spain-based Banco Mare Nostrum (BMN), in which it holds 65% of the capital. However, he stated FROB would not sell its stake in this transaction, as reported by newspaper Expansión on 16 June 2015. The objective of this possible IPO, is to offer greater liquidity to private institutional investors.
(content in spanish)
El ministro de Economía de España, Luis de Guindos, ha señalado que el Fondo de Reestructuración Ordenada Bancaria (FROB) se plantea sacar a Bolsa a la entidad española Banco Mare Nostrum (BMN), de la que controla un 65%, aunque ha precisado que no vendería su participación en la operación, según ha reportado el diario Expansión el 16 de junio de 2015. El objetivo de la potencial salida a Bolsa de Banco Mare Nostrum (BMN) sería dar mayor liquidez a los inversores privados institucionales de la compañía. |
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| Intel ID | 226238 | |
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25.01.99 Other Banking & Investment 25 Financial Services / 25.01 Banking & Investment |
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25.01.99 Other Banking & Investment 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.