CTT and Spanish group Cajamar end negotiations on possible purchase of Portuguese bank

CTT - Portugal's postal service and BCC-Grupo Cooperativo Cajamar, a Spanish group, ended negotiations on a possible purchase of Banco CTT. The information was confirmed by Bloomberg, which reported that there was no agreement between the parties to finalize the operation. This decision marks the end of a negotiation process that had been underway between the two financial entities. CTT is the company responsible for the postal service in Portugal, while BCC-Grupo Cooperativo Cajamar is a cooperative banking group of Spanish origin.