Report

CaixaBank : Now we are talking - Recommendations raised to Buy

CaixaBank and Bankia announced late last week that they had started talks for a potential merger. We believe the transaction will consist in CaixaBank acquiring Bankia through a share swap. The deal which would create the largest bank in Spain is still uncertain, but we (and others) see it as an attractive and convincing combination (despite the absence of details). Besides, the Spanish government is supportive of the merger, and so should be supervisory authorities which have lo...
Underlying
CaixaBank SA

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.

Provider
Oddo BHF
Oddo BHF

​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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