Radar > 237967

Ibercaja could go public

Ibercaja podría salir a Bolsa

Intel ID : 237967
Synopsis

Ibercaja is preparing an IPO, although there is no fixed date, as reported by newspaper El Economista on June 22, 2016, citing its CEO, Victor Iglesias.

Victor Iglesias said that one of the reasons for going public is that the law requires that foundations, which own former savings banks, must not control more than 50% of the capital, and the entity holds 88% . Therefore, it has considered that this is the best way to diversify the sharecapital.

In addition, Ibercaja's CEO said the company does not intend to carry out new mergers, or to expand internationally, at least for the next three years.
(content in spanish)

Ibercaja está preparando su salida a Bolsa, aunque todavía no hay fecha para ello, según ha informado el diario El Economista el 22 de junio de 2016, basándose en declaraciones de Víctor Iglesias, consejero delegado de la entidad.

Víctor Iglesias ha asegurado que uno de los motivos para salir a Bolsa es que la ley obliga a las fundaciones, que son propietarias de las antiguas cajas de ahorros, a no tener más del 50% de su capital, y la entidad posee un 88%. Por ello, han considerado que ésta es la mejor forma de diversificar la base del capital.

Asimismo, el consejero delegado de Ibercaja ha informado que la compañía no tiene intención de llevar a cabo nuevas fusiones, ni de internacionalizarse, al menos durante los próximos tres años.

Intel ID 237967
Value ND
Native Currency Euro (EUR)
Financial Data - Fundación Bancaria IberCaja
(31 Dec 2015)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Primary Subsector (TTRSC)
25.01.99 Other Banking & Investment (Primary)
25 Financial Services / 25.01 Banking & Investment

Type
Intel Grade
Source
Tags

Issuer

Name
verified
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

Seller

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
50.02.07 Social & Development NGOs
50 Public Services & NGOs / 50.02 Non-Governmental Institutions, Organizations & Associations

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

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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.

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