December 21, 2012 / 1:40 PM / in 5 years

Spanish banks Unicaja, CEISS call off planned merger for now

MADRID, Dec 21 (Reuters) - Spanish banks Unicaja and CEISS said in a statement on Friday they had agreed to call off a planned merger for now.

Unicaja, in a separate statement, said it was confident the merger could go ahead after a new deal was found with CEISS.

Banking sources told Reuters on Thursday the operation was likely to succeed once CEISS, which received 604 million euros ($799.51 million) in European aid, had completed the clean-up of its balance sheet from toxic real estate assets.

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