Ibercaja to discuss acquisition of Banco Mare Nostrum
Ibercaja analizará la compra de Banco Mare Nostrum
Intel ID : 242844
Synopsis |
Ibercaja, a Spain-based financial institution, confirmed its interest in the acquisition of Banco Mare Nostrum (BMN), reported Expansión on 25 November 2016, citing BMN CEO Víctor Iglesias. According to the report, the acquisition would be subject to capital requirements and the price will determine the viability of the transaction. Iglesias prefers a quick deal that will maximize the return of the invested public capital.
(content in spanish)
Ibercaja, entidad financiera española, reconoce estar interesada en la adquisición de Banco Mare Nostrum (BMN), según ha informado Expansión el 25 de noviembre de 2016, citando al consejero delegado de BMN, Víctor Iglesias. Según lo publicado, la compra estaría condicionada a las exigencias de capital y el precio determinará la viabilidad de la operación. Iglesias reclama una operación rápida y que maximice el retorno del capital público invertido. |
Intel ID | 242844 | |
Value | ND | |
Native Currency | Euro (EUR) | |
Financial Data - Banco Mare Nostrum (BMN)
(31 Dec 2015) |
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Subsector (Old TTR Sectors) |
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Primary Subsector (TTRSC) |
25.01.99 Other Banking & Investment (Primary) 25 Financial Services / 25.01 Banking & Investment |
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Bidder
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Primary Sector (TTRSC) |
25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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Target
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Primary Sector (TTRSC) |
25.01.99 Other Banking & Investment 25 Financial Services / 25.01 Banking & Investment |
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Seller
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Primary Sector (TTRSC) |
25.01.99 Other Banking & Investment 25 Financial Services / 25.01 Banking & Investment |
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Ultimate Owner (Buyer)
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Primary Sector (TTRSC) |
50.02.07 Social & Development NGOs 50 Public Services & NGOs / 50.02 Non-Governmental Institutions, Organizations & Associations |
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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.