Uria, Linklaters and Davis Polk advise on €3bn Spanish bank IPO
Uria Menendez has taken the lead role for Spanish banking conglomerate Bankia on its €3bn (£2.6bn) initial public offering (IPO). The IPO, reportedly Spain's third-largest of all time, saw 824 million new shares made available at €3.75 per share, with trading on the Madrid, Barcelona, Bilbao and Valencia stock exchanges kicking off on 20 July.
August 01, 2011 at 08:33 AM
2 minute read
Uria Menendez has taken the lead role for Spanish banking conglomerate Bankia on its €3bn (£2.6bn) initial public offering (IPO).
The IPO, reportedly Spain's third-largest of all time, saw 824 million new shares made available at €3.75 per share, with trading on the Madrid, Barcelona, Bilbao and Valencia stock exchanges kicking off on 20 July.
Uria fielded a team led by managing partner Luis de Carlos and Madrid capital markets partner Gabriel Nunez, alongside London partner Juan Carlos Machuca (pictured).
Davis Polk & Wardwell acted as US legal counsel for Bankia, while Linklaters acted as Spanish and US legal counsel for the underwriting syndicate.
The Linklaters team was led by Madrid-based capital markets partner Inigo Berricano and US co-managing partner Conrado Tenaglia alongside capital markets counsel Ramon Ruiz de la Torre.
Linklaters and Davis Polk also acted on the €4bn (£3.5bn) IPO of Spanish bank La Caixa's investment arm in 2007, advising the underwriters, while Freshfields Bruckhaus Deringer took the lead role for the bank.
Bankia was created last year through a merger and restructuring process involving seven Spanish savings banks led by Caja Madrid and Bancaja.
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