Cambank Auction /Takeover

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02 Oct 2011 12:00 AM by manorpark Star rating. 165 posts Send private message

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Any  news on what is happening with the sell off of Cambank ?





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02 Oct 2011 4:48 PM by Keith110 Star rating in the UK and I am lead.... 681 posts Send private message

Banco de España has already received some offers - but all 'binding' offers must be submitted by the end of October.

It looks like Santander may be the most likely to buy CAM.

Kind regards

Keith



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02 Oct 2011 9:48 PM by manorpark Star rating. 165 posts Send private message

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 Thanks for the information Keith. I am hoping any takeover will be a positive move for Cambank customers.





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02 Oct 2011 11:36 PM by johnnie1uk Star rating. 99 posts Send private message

Whoever takes is taking a massive liability, CAM gave mortgages left right and centre and, ended up with thousands of repossesioned properties they cannot sell.





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02 Oct 2011 11:36 PM by johnnie1uk Star rating. 99 posts Send private message

Whoever takes is taking a massive liability, CAM gave mortgages left right and centre and, ended up with thousands of repossesioned properties they cannot sell.





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