Bloomberg News

Spain Meets Goldman, Fidelity on Cajas Sale, Expansion Reports

March 15, 2012

Officials from the Spanish Economy Ministry discussed breaking up two savings banks taken over by the country’s rescue fund at a meeting with investors including Goldman Sachs Group Inc. (GS) and Fidelity Investments, Expansion reported.

Novagalicia and CatalunyaCaixa both have around 76 billion euros ($99 billion) in assets and the government considers it may get a better deal splitting them up, officials said at the meeting with about 15 institutions, the newspaper added, without saying how it obtained the information.

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To contact the editor responsible for this story: Ben Sills at bsills@bloomberg.net


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