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Stock Market & Financial Investment News

News Breaks
July 22, 2014
06:15 EDTSAN, BBVABanco Bilbao wins auction to buy Catalunya Banc for EUR1.19B
The Management Commission of the Banking Restructuring Fund has accepted BBVAs bid in the competitive auction for the acquisition of Catalunya Banc S.A. As a consequence, BBVA has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100% of the shares of Catalunya Banc to BBVA for the price of up to EUR1.19B. Closing of the sale and purchase transaction will be subject, among others, to the obtaining of the relevant administrative authorizations and approvals and to the effective closing of the transaction announced by Catalunya Banc to the market on July 17 whereby Catalunya Banc will transfer to an asset securitization fund a loan portfolio with a nominal value of EUR.6.4B.
News For BBVA;SAN From The Last 14 Days
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April 23, 2015
15:37 EDTSANSantander, UniCredit announce merger of asset management units
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April 22, 2015
19:54 EDTSANSantander, UniCredit to merge asset management units, Reuters says
Santander (SAN) and UniCredit (UNCFF) have agreed to merge asset management units, Reuters reported earlier, citing three sources. Santander will not have direct involvement in the combined unit's operations, said the sources. Reference Link
April 15, 2015
06:41 EDTSANECB authorizes new emergency funding for Greek banks, Reuters reports
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