trending Market Intelligence /marketintelligence/en/news-insights/trending/9R80LGpk1nit3Gkw_3D2pw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Bankinter to list majority of insurance unit Línea Directa Aseguradora in 2020

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Bankinter to list majority of insurance unit Línea Directa Aseguradora in 2020

Bankinter SA plans to off-load a majority stake in wholly owned insurance company Línea Directa Aseguradora SA Compañía de Seguros y Reaseguros and then list it on the stock market.

The Spanish lender said Dec. 18 that it will divest an 82.6% stake in the unit by distributing the shares to its own stockholders, valuing the stake at €1.18 billion and the business as a whole at €1.43 billion.

Bankinter will retail a minority 17.4% shareholding in the company, and LDA will have to pay Bankinter a €60 million dividend before completion of the deal, which is expected to have limited impact on group profitability.

LDA is expected to begin trading in the second half of 2020.