Spanish saving bank, Banca Cívica, is seeking to launch an initial public offering (IPO), Financial News reports. The lender has appointed Credit Suisse as the sole manager of the offering. Banca Cívica, formed after the merger of Caja Navarra and CajaSol with three smaller cajas, aims to sell about 25-40% of its equity. Caja Navarra and CajaSol each own 29% of Banca Cívica, while Caja Canarias holds a 21% stake and Caja Burgos holds a 20% stake.

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