CaixaBank : Merger with Bankia - What did you expect? Buy recommendations maintained following announcement of the transaction
CaixaBank and Bankia announced on Friday their merger which will create Spain’s largest domestic bank with c.25% market shares. Shareholders still have to approve the transaction and customary regulatory authorisations needs to be received but we believe it is highly unlikely that the friendly takeover of Bankia by CaixaBank does not go through completion. Closing is expected for end-1Q21. Overall, the terms of the transaction presented on Friday are in line with expectations des...Caixabank is an investment company based in Spain. Co. is involved in investment portfolio management activities across two areas: Services and Financial Business and Insurance. In the services area, Co. provides investment solutions for companies involved in the infrastructure, energy, services and entertainment sectors. In the financial business and insurance area, Co. is engaged in the investments for international banks, insurance and specialist financial services. Co. focuses most of its banking investments in India, China, the U.S., and Central and Eastern Europe with a particular interest in retail banking. Co. is also involved in the disinvestments activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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