Blogging from the Highlands of Scotland until I return to the Murcia region of Spain
in the Autumn for a month or so

'Fair and softly goes far' - Miguel de Cervantes

Friday, 11 September 2009

Speculation Caja Murcia and CAM may announce merger?

There's an interesting article in the Murcia Confidencial blog (rough translation here) which speculates that a merger between Caja Murcia and CAM Bank (Caja de Ahorros del Mediterráneo) is on the point of being announced, motivated largely as a way of maintaining regional economic 'sovereignty', which appears to run completely counter to earlier rumours that the probable suitor for CAM Bank would be Caja Madrid.

No doubt the correct version of what is going to happen will become clear in due course - obviously a lot of 'closed-door' negotiations must have been taking place over the summer.

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