1154 GMT - CaixaBank's standalone profitability and capital generation set a high standard for any potential M&A transactions, Citi says in a research note. This comes after Bloomberg reported that the Spanish bank is potentially interested in buying Portugal's Novo Banco. The Portuguese lender is majority owned by private equity firm Lone Star, which is said to be considering an IPO or a disposal to another bank. For CaixaBank, a potential acquisition would double its presence in Portugal, where it owns BPI. "We think (1) CABK's capital constraints (with a currency that hasn't reached its full potential); (2) execution risk; and (3) a still uncertain global macro environment should hold management back in the bidding process," analysts Marta Sanchez Romero and Anand Demble write. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 07:54 ET (11:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。