trending Market Intelligence /marketintelligence/en/news-insights/trending/oa8MWj9fCYITyLmLDa8zDA2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

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

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Bankia shareholder pushing for merger with ING

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Report: Bankia shareholder pushing for merger with ING

Artisan Partners Asset Management Inc., the largest private shareholder in Spanish bank Bankia SA, is pushing for a merger between the state-controlled lender and Dutch bank ING Groep NV, in which the U.S. fund manager also holds a stake, Spanish financial daily Expansión reported.

The paper quoted Artisan international fund manager David Samra as saying that such a transaction would be beneficial for ING because it would gain scale in Spain, and Bankia would benefit from ING's IT systems. A merger would also provide an opportunity for the Spanish state to sell off its 61.78% stake in the bank and would be in line with the ECB's wish to have cross-border mergers in Europe, Samra reportedly said.

Artisan has not yet sought support from ING shareholders, the paper said.

There have been reports of a potential merger between Bankia and Banco de Sabadell SA, and Samra told the paper he wanted to ensure that such a scenario would not happen. Sabadell does not have a strong enough capital position to buy the bank and would not be able to modernize it to help it compete in the digital world, according to the Oct. 23 report.

Samra said he had expressed his concerns about such a deal to Spain's bank rescue agency, the FROB, which is the ultimate owner of Bankia and to Bankia executives, but had not received a reply.

Artisan holds a 3.07% stake in Bankia and almost 5% in ING through various funds, Expansión noted.

Bankia was bailed out for more than €20 billion in state funds after it suffered a €19.2 billion loss in 2012, just a year after the bank listed on the Madrid stock market.