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Spain's Banco Popular looking at making offer for Portugal's Banif - source

Published 17/12/2015, 15:24
© Reuters. Couple smiles next to a Banco Popular branch office in the Andalusian capital of Seville
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MADRID (Reuters) - Spain's Banco Popular (MC:POP) is studying making an offer for Portuguese bank Banif (LS:BANIF), a source close to the process said on Thursday.

Banif is seeking a buyer for the state's 60.5 percent stake in the bank.

"Banco Popular is analysing presenting an offer for Banif, as it studies any other offer," the source said.

© Reuters. Couple smiles next to a Banco Popular branch office in the Andalusian capital of Seville

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