MADRID (Reuters) – Isidro Faine, chairman of CaixaBank Group, said in an interview with the Financial Times to the possibility of selling the stake of 12 percent Repsol has the bank and take industrial trading portfolio financial group.
“We could decide to sell the stake in Repsol,” Faine said in the interview, according to comments made in English on the website of the British newspaper. Faine said his participation in oil is a “solid and liquid asset that provides income and diversification”, but emphasized their status as “non-strategic”.
Also, Faine suggested that you like the idea of marking a clearer between the banking group and its industrial holdings division. Currently, the Repsol and 5 percent in Telefónica are under the umbrella of CaixaBank, while the rest of shares (as in Natural Gas and Abertis) hanging from the portfolio of the foundation La Caixa, which controls the bank.
“I always had the idea of putting the holding in the market … It is a project that is in my head, but depend on the council’s decision.”
Earlier March, the group said it wants to reduce from 16 percent today to 10 percent capital consumption of its portfolio of industrial assets to the greater regulatory requirements, but would not go into detail on how to reorganize the portfolio to limit consumption.
The new banking principles damaged capital ratios of banks such as La Caixa, have large industrial portfolios.
Fainé also noted that the bank, which has made several acquisitions over financial the crisis, still watchful waiting for new opportunities in Spain.
“I’m like a cat waiting outside the trap. Everything is possible, “he told the newspaper
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