Flowers cools on Spanish bank deal amid crisis Reuters: "J.C. Flowers has cooled its interest in investing in a Spanish caja until Spain has restored faith in its finances, the head of the U.S. private equity firm said on Monday.
If Flowers backs away from Banca Civica it would be a blow to the troubled savings banks, or cajas, as Spain attempts to accelerate consolidation of the industry seen as needing capital after a severe recession.
J.C. Flowers is led by Christopher Flowers, who told the Financial Times that any investor would have to be 'pretty brave' to move into Spain or Ireland at present. A spokesman for the private equity firm confirmed his comments."
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
If Flowers backs away from Banca Civica it would be a blow to the troubled savings banks, or cajas, as Spain attempts to accelerate consolidation of the industry seen as needing capital after a severe recession.
J.C. Flowers is led by Christopher Flowers, who told the Financial Times that any investor would have to be 'pretty brave' to move into Spain or Ireland at present. A spokesman for the private equity firm confirmed his comments."
:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
