.
MergerLinks Header Logo

New Deal


Announced

Cecabank to acquire institutional fund depository business of Bankia for $200m.

Financials

Edit Data
Transaction Value£153m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Pending

banking

fund depository

Acquisition

fund distribution

Private

Single Bidder

Majority

Spain

Banks

Domestic

Private Equity

Synopsis

Edit

Cecabank, a wholesale bank, agreed to acquire institutional fund depository business of Bankia, a Spanish consumer bank for $200m. “At Bankia, we are pleased to announce this agreement with a leading partner in the depositary business like Cecabank, which last year was Awarded the Best Spanish Custodian Bank for the third consecutive year,” Fernando Sobrini, Bankia Assistant Managing Director.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US