Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Investment Bank Signals Increased Confidence in Spain ?

Source: Reuters - Thu 7th Nov 2013
Investment Bank Signals Increased Confidence in Spain ?

Ealier this morning global investment bank, Goldman Sachs, announced it had assumed control of a 5.34% stake in the operator of the Spanish stock market operator - BME (Bolsas y Mercados Espanoles).

The shares were purchased from the Bank of Spain at a unit cost of €27.35 equaling a total of €122 Mln.

Shares in BME closed at €28.495 on Wednesday.

Just last week BME reported a 9-month net profit of €105.2 Mln, increasing slightly on the same period last year despite a 7% jump in Q3 profit to €33.1 Mln.

Revenues to end-September fell by 1.4% year-on-year to €226 Mln. However, performance between July and September improved thanks to a rise in trading volumes on its exchanges as investors regained confidence in Spain. BME's revenues for Q3 rose 2.8% to €72.5 Mln.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs