Spaniards from Cajamar give up on buying Banco CTT

▤ Summary

CTT and BCC Grupo Cooperativo Cajamar ended talks over a possible sale of Banco CTT. Bloomberg reported that the parties did not reach an agreement after earlier interest from the Spanish bank prompted CTT to explore strategic options. CTT has also worked with BNP Paribas and Rothschild to assess alternatives for the banking unit. The company now continues to evaluate options for Banco CTT while investing in customer growth and stronger digital capabilities.

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