Spain's Caixabank is considering selling the bulk of its 11.9 per cent stake in Spanish oil major Repsol to its parent group, a move that could boost the lender's capital and finances while maintaining a grip on the energy firm.
The UAE's Abu Dhabi Commercial Bank (ADCB) and Europe's largest lender by market capitalization, Banco Santander, have agreed to co-operate in trade and project finance as the Spanish bank broadens its reach in the Gulf.
Spain's fourth biggest lender, Bankia on Saturday prepared to sell stakes it holds in companies to meet European competition rules after a state rescue that has so far cost 23.5 billion euros.
Bankia's parent company BFA asked for
Abu Dhabi investment vehicle Aabar made a $30 million profit on the sale of its stake in Spanish bank, Banco Santander as it continues to seek opportunities to realise returns, its chairman said on Wednesday.
'We made good money, about