September 20, 2018 / 6:00 PM / a month ago

Spain's Caixabank says will sell its entire 9.4 pct stake in Repsol

MADRID, Sept 20 (Reuters) - Spain’s Caixabank on Thursday said it would sell its entire 9.4 percent stake in Spanish oil major Repsol and book a loss of 450 million euros in the third quarter.

The Spanish lender said it expected the sale of its stake in Repsol to have a neutral impact on its core tier-1 fully loaded capital ratio.

It reiterated it would reach a profitability target or return on tangible equity to of between 9-11 pct in 2018. (Reporting By Jesús Aguado; editing by Andrés González and Alexandra Hudson)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below