CaixaBank's Standalone Case Sets High Bar for M&A Deals -- Market Talk

Dow Jones

May 13, 2025

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)

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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 07:54 ET (11:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CaixaBank's Standalone Case Sets High Bar for M&A Deals -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCaixaBank's Standalone Case Sets High Bar for M&A Deals -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-13 19:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1154 GMT - CaixaBank's standalone profitability and capital generation set a high standard for any potential M&amp;A transactions, Citi says in a research note. 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(elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 07:54 ET (11:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535224967","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535224967","pubTimestamp":1747137240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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  CABK's capital constraints ;  execution risk; and  a still uncertain global macro environment should hold management back in the bidding process,\" analysts Marta Sanchez Romero and Anand Demble write. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","CAIXY":"Caixabank SA"},"translate_title":"CaixaBank的独立案例为并购交易设定了高标准——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAIXY":0.9},"content_text":"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. 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