BBVA's €12 Billion Sabadell Proposal Signals Banking Shakeup [Yahoo! Finance Canada]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
US:NYSE Investor Relations:
shareholdersandinvestors.bbva.com
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The announcement by Banco Bilbao Vizcaya Argentaria SA on Tuesday that it wants to begin talks to take over Banco Sabadell SA comes as further evidence that a long hoped-for consolidation in the region's banking market is accelerating. ADVERTISEMENT In a subsequent release on Wednesday, BBVA detailed an all-share offer in a letter to Sabadell's board on April 30, proposing an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares. That would give Sabadell shareholders 16% of the combined group and represents a 30% premium to Sabadell's closing price on Monday before news of the deal moved shares. The terms would value the smaller lender at about €12 billion ($12.8 billion), according to calculations by Bloomberg. The proposal would reduce CET1 by about 30 basis points considering restructuring costs that are estimated at about €1.45 billion before tax, the letter said. While a tie up would not be the transformational, cross-bor
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News
- Argentina Questions Three Banks on Puts, Bond Transactions [Yahoo! Finance Canada]Yahoo! Finance Canada
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- Mexico Weighs Options to Absorb Up to $40 Billion of Pemex Debt [BNN Bloomberg (Canada)]BNN Bloomberg
- Earnings Keep European Stocks Near Record Highs Ahead of BOE [BNN Bloomberg (Canada)]BNN Bloomberg
BBVA
Earnings
- 4/29/24 - Beat
BBVA
Analyst Actions
- 3/25/24 - Barclays PLC
BBVA
Sec Filings
- 5/13/24 - Form 13F-HR
- 5/9/24 - Form 425
- 5/9/24 - Form 6-K
- BBVA's page on the SEC website