Oct. 15 (Bloomberg) -- Bob Diamond, Chief Executive Officer of Barclays Plc, made a non-binding preliminary offer for Caja de Ahorros del Mediterraneo earlier this month, according to the Financial Times.
The deal would make Barclays one of the top seven lenders in Spain, the newspaper said, citing people close the company. If the bank does not pursue the deal, Barclays may exit Spain within 18 months, the FT reported.
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