Cuatrecasas advises Bankia on transferring its depositary services business to Cecabank

2020-06-02T00:00:00
Spain
Cuatrecasas advises Bankia on transferring its depositary services business to Cecabank
Cuatrecasas advises Bankia on transferring its depositary services business to Cecabank
June 2, 2020

Bankia sold its depositary services business to Cecabank for €170 million, and Cuatrecasas advised it on the transaction. The transaction involves the transfer of a business volume of €26 billion. This is the third sale in Spain, following that of Sabadell and Kutxabank.

The Cuatrecasas advisory team was led by Fernando Mínguez, with the participation of partners Jorge Canta, Francisco Conde, Fernando Remón, Miguel Sánchez and Andrew Ward

June 2, 2020