Report

CaixaBank : Wedding is coming; Buy recommendation maintained

Merger to be effective in coming weeks - >After the announcement on 18 September of the intended merger with Bankia and both banks shareholders having approved the transaction in December, the next steps are the regulatory authorisations expected by the end of the quarter.While there may some competition remedies required, none should impede the merger nor alter its strategic and financial relevance which we praised already back in September. The merger will subs...
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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Matthias Desmarais
  • Matthias Desmarais

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