International edition
June 18, 2021

Among them, Santander Bank, BBVA and BNP Paribas

LAE quote on the stock exchange attracts the attention of the main banking entities

(Spain).- Santander Bank and BBVA, together with other 15 investment banks, seek to be chosen as global coordinators of the operation of stock quotation of the 30% of State Lotteries and Betting (LAE). It is also known the interest of national entities such as Bankia and La Caixa, and other foreign institutions like BNP Paribas, Société Générale, Morgan Stanley, JP Morgan, UBS, Goldman Sachs, Barclays or Nomura.

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It is of top interest, because it is the biggest OV of the Spanish history. “Privatizations always bring prestige to the bank. In this case, the high volume of the quoting is an additional attraction”, point sources of one of the entities interested in the operation.

 

The candidates will be asked an economic offer, which will have a weight of around the 40% of the final punctuation, while the rest will depend on the technical capacity shown (with aspects such as the sales force or count with successful credentials). After this analysis, some entities will be preselected and will have meetings with LAE authorities and the Ministry of Economy after communicating if they are finally chosen.
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