Caja Madrid has decided to ramp up its presence in Indra. Over the last few weeks, the Madrid bank has been buying up small packages in the company and now owns 5% more than before. In its newest purchases, it has invested approximately 122 m€. The bank now owns 20 %of the technology company and [...]
The Bank of Spain has cautiously acknowledged praise of its supervisory model in the banking system, but is preferring to keep out of the limelight whilst the global financial system undergoes reform. The caution which characterizes the Spanish supervisory banking model has made it one of the big winners in the financial crisis. Authoritative institutions [...]
The prediction yesterday by José Luis Rodríguez Zapatero, the Spanish prime minister, of mergers among the country’s weaker banks merely brought into the public domain a looming reality accepted months ago in private by Spanish bankers.
“When there’s a time of grave crisis like this, it’s likely that there will be merger situations and restructurings not [...]
The savings bank pushes preparations ahead for the stock market flotation of its holding company in November, but does not rule out last-minute changes.
Despite the financial hurricane currently hammering down on stock markets all over the world, Caja Madrid continues to push ahead with its preparations for the public stock flotation of its financial holding [...]
Criteria CaixaCorp, La Caixa’s industrial holding group, has invested 509 million euros in European banks, especially in financial entities in central and Eastern Europe. The firm hopes to strike a deal to become a majority stockholder in some of them.
The Managing Director of Criteria, Francisco Reynés, affirmed to analysts at a recent conference: “We are [...]
FCC and Caja Madrid have put more than 100 million on the table to strengthen the presence of their affiliate Global Vía in the infrastructures sector. Concretely, they have closed a deal to buy Acciona shares in five concessions: 33.3% of Concesiones de Madrid (M-45 ring road), 25% of Ruta de los Pantanos (Reservoir Highway), [...]
Caixa Corp, Spain’s leading savings bank is investing 390 million euros to consolidate its position in the two jewels in its investment portfolio crown.
La Caixa, Spain’s leading savings bank, is taking advantage of a bearish market in order to reinforce its presence in Telefonica and Gas Natural. Through its participating interests holding company, Criteria Caixa [...]
On the 10th October the Banco Santander will finalise its tof the Alliance & Leicester bank for 1,575 million euros according to the bid brochure which was sent today to the British supervisory body.
The bid was announced on the 14th July and should be approved by shareholders of the British bank at the shareholders [...]
