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BAMI - Banco BPM SpA News Story

€1.67 0.1  3.1%

Last Trade - 20/10/20

Mid Cap
Market Cap £2.22bn
Enterprise Value £15.07bn
Revenue £4.64bn
Position in Universe 89th / 714

BUZZ-Bankia, Caixabank: Merger talks spurs rally among European banks

Fri 4th September, 2020 8:24am
** Shares in Spain's Bankia  BKIA.MC  surge 22.5% after both
Bankia and Caixabank  CABK.MC  (+7%) said late on Thursday they
are considering a merger to create the biggest lender in Spain*:nL8N2G068O
    ** "We highlight that the resulting group would have assets
for 650.0 bln euros and would be positioned as the largest bank
in Spain," analysts at Capital Markets say
    ** Shares in other Spanish banks are also up and lead gains
among Europe's banks  .SX7P  (+1.3%), with Sabadell  SABE.MC ,
Santander  SAN.MC  rising 2-6%
    ** The move triggers rally in Commerzbank  CBKG.DE , Banco
BPM  BAMI.MI , Societe Generale  SOGN.PA , which rise 1-4%

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