Announced
Financials
Tags
Friendly
Pending
banking
fund depository
Acquisition
fund distribution
Private
Single Bidder
Majority
Spain
Banks
Domestic
Private Equity
Synopsis
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.
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