Nothing but negotiation

The Gap Partnership

Spain pushes for Bankia and CaixaBank merger

The Spanish government is pushing for a merger between CaixaBank and Bankia.

18 January 2012

Sales negotiations could be needed in Spain as the country's government is pushing for a merger between Bankia and CaixaBank.

Reuters reports this is because ministers intend to improve the outcome of the struggling financial sector without using any public funds.

Therefore, merging the two savings banks - the third and forth largest in the country - would speed up the consolidation in the industry, with this move seen as the only viable opportunity the nation has.

However, Spain will struggle to succeed due to high costs of the state providing guarantees for the tie-up, as banking and political sources told the publication there are few funds available to help the firms lose toxic real estate assets.

Rescuing the industry in the same manner Ireland did is not viewed as a solution, as this would raise the nation's debt and sour sentiment within the eurozone.

Other mergers and acquisitions within Europe's banking sector include the recent purchase of Northern Rock by Virgin Money.

Posted by Ken Hayes

Source: Reuters, January 18th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more