Will Bronte Capital be next?
The Banca Cívica press release is here.
Yes, readers. We know the flip side of all this is that maybe they don't like what they see - and they walk.
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Friday, July 23, 2010
And So it Begins
Expansión is reporting that JC Flowers has signed a letter of intent, dependent on due diligence now being undertaken, to buy 450 million euros of convertible bonds of the newly formed IPS, Banca Cívica. Despite the fact that conversion cannot take place before some point in 2012 (and that it is not stated exactly what percentage of the company they are buying), the bank - formed by the 'cold fusion' of Caja Navarra, CajaCanarias and Caja de Burgos - it is foreseen that the investor will be present on the board of directors.
Will Bronte Capital be next?
The Banca Cívica press release is here.
Yes, readers. We know the flip side of all this is that maybe they don't like what they see - and they walk.
-------------------------------
Will Bronte Capital be next?
The Banca Cívica press release is here.
Yes, readers. We know the flip side of all this is that maybe they don't like what they see - and they walk.
-------------------------------
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