1. Homepage
  2. Equities
  3. Singapore
  4. Singapore Stock Exchange
  5. CNMC Goldmine Holdings Limited
  6. News
  7. Summary
    5TP   SG2D72974892

CNMC GOLDMINE HOLDINGS LIMITED

(5TP)
  Report
Delayed Singapore Stock Exchange  -  05:04 2022-08-18 am EDT
0.1960 SGD   -0.51%
08/12Singapore Shares End Week in Red; First Resources Shares Jump 7% as Profit Skyrockets 293% in H1
MT
08/12CNMC Goldmine's Profit Soars 117% in H1 on Higher Gold Production; Shares Slide 5%
MT
08/11CNMC Goldmine Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Spain's CNMC approves Unicaja's acquisition of Liberbank with conditions

06/29/2021 | 02:02pm EDT

MADRID, June 29 (Reuters) - Spain's CNMC competition watchdog on Tuesday approved the acquisition of Liberbank by Unicaja, though the merged lender will have to accept several concessions in its retail-banking arm in an area in western Spain, it said.

The new entity need not divest any of its businesses, a CNMC spokesperson said.

In December, Unicaja agreed to buy Liberbank for around 763 million euros ($908.20 million) to create Spain's fifth-biggest domestic bank with total assets of around 110 billion euros.

The merger, part of a banking industry consolidation in Spain and Europe, will reduce Spain's banks to 10 from 55 prior to the 2008 economic crisis.

The CNMC said the new entity would not command an effective monopoly in western area of Caceres, but cited some risk for customers in three postal codes in this province, such as higher fees for Liberbank clients.

To address this, Unicaja will offer its products for three years on the same terms as those in areas where it competes the most.

Liberbank and Unicaja declined to comment.

The deal, which is expected to close by the end of the second quarter or beginning of the third, also needs a green light from Spain's Economy Ministry.

Shareholders of both lenders gave their blessing in December to the transaction, which is underpinned by annual cost savings of 192 million euros.

The market value of the merged entity is worth close to 2.3 billion euros.

The combined entity would have close to 9,800 employees and close to 1,500 branches in Spain. They have not given any details of potential staff reductions or branch closures.

($1 = 0.8401 euros) (Reporting by Jesús Aguado; Editing by Emma Pinedo and Richard Chang)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CNMC GOLDMINE HOLDINGS LIMITED -0.51% 0.196 Delayed Quote.-3.90%
UNICAJA BANCO, S.A. 0.61% 0.9065 Delayed Quote.3.68%
All news about CNMC GOLDMINE HOLDINGS LIMITED
08/12Singapore Shares End Week in Red; First Resources Shares Jump 7% as Profit Skyrockets 2..
MT
08/12CNMC Goldmine's Profit Soars 117% in H1 on Higher Gold Production; Shares Slide 5%
MT
08/11CNMC Goldmine Holdings Limited Reports Earnings Results for the Half Year Ended June 30..
CI
06/29CNMC Goldmine's Flotation Plant at Malaysian Gold Mine Commences Trial Production
MT
06/28Singapore Shares End Higher; Imperium Crown Dive 7% on Losing Operating Rights of Wonde..
MT
05/24CNMC Goldmine Holdings Updates on the Construction of the Flotation Plant at Sokor
CI
05/08CNMC Goldmine Holdings Limited Appoints Gan Siew Lian as an Independent Director
CI
05/08CNMC Goldmine Holdings Limited Approves Payment of Special One-Tier Tax Exempt Dividend..
CI
05/08CNMC Goldmine Holdings Limited Approves the Payment of A Final One-Tier Tax Exempt Divi..
CI
04/29CNMC Goldmine Holdings Limited Approves Declaration of Final One-Tier Tax Exempt Divide..
CI
More news
Financials (USD)
Sales 2021 32,9 M - -
Net income 2021 1,72 M - -
Net cash 2021 15,7 M - -
P/E ratio 2021 36,1x
Yield 2021 0,97%
Capitalization 57,5 M 57,5 M -
EV / Sales 2020 3,24x
EV / Sales 2021 1,39x
Nbr of Employees 350
Free-Float 51,6%
Chart CNMC GOLDMINE HOLDINGS LIMITED
Duration : Period :
CNMC Goldmine Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CNMC GOLDMINE HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Managers and Directors
Kuoh Yang Lim Chief Executive Officer & Executive Director
Wai Khen Kan Group Finance Manager
Xiang Xiong Lin Executive Chairman
Cheng Tuck Kuan Lead Independent Non-Executive Director
Poh Chye Tan Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CNMC GOLDMINE HOLDINGS LIMITED-3.90%58
NEWMONT CORPORATION-27.60%35 636
BARRICK GOLD CORPORATION-11.81%29 057
AGNICO EAGLE MINES LIMITED-17.86%19 884
POLYUS-35.94%18 742
WHEATON PRECIOUS METALS CORP.-22.66%14 673