The sale, carried out through an accelerated book-building run by UBS Limited, was announced on Tuesday, when Bankia said it was part of its strategy to shed non-core assets.Country: SpainSector: Banking/Financial ServicesTarget: Bolsas y Mercados Espanoles
Sociedad Holding de Mercados y Sistemas Financieros SAVendor: Bankia SADeal size in USD: 93m
The new agreement establishes EuroCCP as the first clearing house to service a Spanish trading platform, as the Spanish markets which collectively form the incumbent Bolsas y Mercados Espanoles
(BME) use Iberclear, the country's central securities depositary for clearing and settlement.
The index, which recognises the best business practices in social and environmental terms, was created by Bolsas y Mercados Espanoles
(BME) and the company that provides indexes to the FTSE Group.
Banco Santander SA (NYSE: STD) (SAN.MC), Spain's largest financial group, has said that it has placed a 2.5 percent stake in stock exchange operator Bolsas y Mercados Espanoles
SA (BME.MC) for about EUR42m.
Bolsas y Mercados Espanoles
(BME) has welcomed a proposed overhaul of Spain's post-trade infrastructure by the ComisA-on Nacional del Mercado de Valores (CNMV) that will support the Spanish stock exchange's plans to launch a central clearing counterparty (CCP) service.
Spanish exchange group the Bolsas y Mercados Espanoles
(BME) has set up two new hubs in London to facilitate access to its markets, through its IT subsidiary Visual Trader Systems.
A new multilateral trading facility (MTF) for Spanish stocks is planned for launch by Q1 2011, to challenge the dominance of domestic exchange the Bolsas y Mercados Espanoles