Radar > 242844

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)
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

Bidder

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

Target

Name
verified
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
verified
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

Ultimate Owner (Buyer)

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

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.