Bringing you live news and features since 2006 

PricewaterhouseCoopers Patrick Atkinson

Comment: Keep an eye on restructuring opportunities in Spain


Patrick Atkinson, partner, PricewaterhouseCoopers in Spain comments on current M&A activity in the Spanish financial services market following the rescue of a savings bank.

The rescue of CajaSur is likely to spark a wave of mergers in the Spanish banking market as the Spanish Government pushes forward with its plans to merge those institutions to strengthen the market.
This could result in a number of attractive assets (including branch networks) coming on to the market, opening up appealing acquisition opportunities for both competitors and new entrants.
However, this ‘back to basics’ phase does not provide the only opportunity for competitors and those looking to enter the Spanish market. Many international investors are keen to acquire portfolios of distressed assets, such as books of defaulted loans; with a reduction in the book values of assets likely to prompt a pick up in this market.
A number of players in the Spanish banking market are also considering divestment of their non-financial assets in order to simplify management and improve liquidity and capital.
Spain is definitely a market to watch closely in the coming months and foreign entrants now have an excellent opportunity to get a stronger foothold in the Spanish market.

Latest News

There were two companies launching this week, each reflecting key and recurring themes in ETF strategies. ..
A quiet week for launches in the US...
RBC Global Asset Management (GAM) was the only firm to launch new ETF offerings in March 2023. The firm launched..
Solactive writes that with current developments and economic trends, such as the COVID-19 pandemic, increasing inflation rates, and energy prices,..

Related Articles

Marie Coady, PwC
PwC’s new research amongst global ETF managers, sponsors and service providers reveals a sector with upbeat growth projections. Despite the...
Vishal Kapoor, Bandhan Mutual Fund
ETF Express reported on a couple of ETF launches in India over the last couple of weeks, including the new...
ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by