Deals
Spain’s Unicaja Restarts Merger Talks With Rival Liberbank
- Banks rekindle talks to combine that were abandoned last year
- Merger would create 7th largest bank in Spain by market value
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Unicaja Banco SA and Liberbank SA said they have held talks on rekindling a merger abandoned last year as consolidation gathers pace across Europe’s financial industry.
Unicaja “confirms preliminary contact with Liberbank, with the knowledge of the board and without for the moment, the participation of external advisers,” the lender said in a regulatory filing on Monday. It said no final decision has been taken. Its rival also confirmed the discussions.