Tag #Banking Merger

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cincodias.elpais.com

🌐 75% Global Worthiness

Sep 18, 10:18

BBVA's Hostile Bid for Sabadell Faces Valuation Challenges

BBVA's hostile takeover bid for Banco Sabadell, primarily using shares valued at €15.2 billion based on BBVA's share price, faces challenges due to Sabadell's higher market capitalization (€16.1 billion) and questions surrounding BBVA's return on investment.

BBVA's Hostile Bid for Sabadell Faces Valuation Challenges

BBVA's hostile takeover bid for Banco Sabadell, primarily using shares valued at €15.2 billion based on BBVA's share price, faces challenges due to Sabadell's higher market capitalization (€16.1 billion) and questions surrounding BBVA's return on investment.

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How do differing estimations of cost savings affect the viability of BBVA's acquisition?

BBVA projects €900 million in cost savings by 2029 (€630 million after tax), leading to a 14% ROI. However, Sabadell argues that the actual net cost savings will be only €220 million due to factors like the special bank tax, leading to an 11.5% ROI, potentially below BBVA's cost of capital.

euronews.com

🌐 85% Global Worthiness

Jun 13, 22:10

BPCE Acquires 75% Stake in Novo Banco for €6.4 Billion

France's BPCE is acquiring a 75% stake in Portugal's Novo Banco for €6.4 billion, expanding its European reach and increasing its exposure to variable-rate loans; the deal, expected to close in the first half of 2026, reflects a broader trend of cross-border banking mergers.

BPCE Acquires 75% Stake in Novo Banco for €6.4 Billion

France's BPCE is acquiring a 75% stake in Portugal's Novo Banco for €6.4 billion, expanding its European reach and increasing its exposure to variable-rate loans; the deal, expected to close in the first half of 2026, reflects a broader trend of cross-border banking mergers.

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How might this deal influence future cross-border banking mergers and the overall competitive landscape within the European Union?

BPCE's potential full acquisition of Novo Banco, along with similar cross-border deals like UniCredit's investments in Commerzbank and Alpha Bank, suggests a reshaping of the European banking landscape. Increased competition and potential regulatory changes are likely future implications.

elpais.com

🌐 85% Global Worthiness

Jun 2, 10:12

EU Threatens Spain Over BBVA-Sabadell Merger, Raising Banking Concentration Concerns

The European Commission is threatening Spain for allowing BBVA's potential takeover of Sabadell, fearing increased banking concentration in Catalonia, where the two would control 70% of the market, ignoring the lessons of the 2008 financial crisis and the Liikanen report's warnings on "too-big-to-fa...

EU Threatens Spain Over BBVA-Sabadell Merger, Raising Banking Concentration Concerns

The European Commission is threatening Spain for allowing BBVA's potential takeover of Sabadell, fearing increased banking concentration in Catalonia, where the two would control 70% of the market, ignoring the lessons of the 2008 financial crisis and the Liikanen report's warnings on "too-big-to-fa...

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How does the proposed merger relate to the findings of the Liikanen Report and the broader issue of "too-big-to-fail" banks?

This action stems from the 2012 Liikanen report, which warned about the dangers of "too-big-to-fail" banks and their implicit subsidies. The report highlighted increased market power, excessive risk-taking, and supervisory challenges associated with large banks. The 2011 IFO EEAG report estimates these implicit subsidies at 20-65 basis points in terms of financing cost advantage.

elmundo.es

🌐 85% Global Worthiness

May 5, 13:15

Spanish Government Launches Public Consultation on BBVA-Banco Sabadell Merger

Spanish Prime Minister Pedro Sánchez announced a public consultation on BBVA's takeover of Banco Sabadell, aiming to counter widespread opposition from business groups and unions who fear reduced competition, despite the CNMC's conditional approval.

Spanish Government Launches Public Consultation on BBVA-Banco Sabadell Merger

Spanish Prime Minister Pedro Sánchez announced a public consultation on BBVA's takeover of Banco Sabadell, aiming to counter widespread opposition from business groups and unions who fear reduced competition, despite the CNMC's conditional approval.

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What is the immediate impact of the Spanish government's public consultation on the BBVA-Banco Sabadell merger?

The Spanish government, led by Prime Minister Pedro Sánchez, will launch a public consultation on the potential effects of BBVA's hostile takeover of Banco Sabadell. This follows criticism from numerous business associations and unions concerned about reduced competition. The government aims to influence the outcome, despite the CNMC (National Commission of Markets and Competition) approving the merger with conditions.

elmundo.es

🌐 85% Global Worthiness

Mar 15, 04:10

Spanish Government Delays BBVA's Sabadell Takeover Bid

The Spanish government's and CNMV's actions are delaying BBVA's public takeover offer for Sabadell, creating uncertainty and potentially hindering the merger due to concerns over its impact on market competition. The CNMC has conditionally approved the merger with remedies.

Spanish Government Delays BBVA's Sabadell Takeover Bid

The Spanish government's and CNMV's actions are delaying BBVA's public takeover offer for Sabadell, creating uncertainty and potentially hindering the merger due to concerns over its impact on market competition. The CNMC has conditionally approved the merger with remedies.

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What is the immediate impact of the Spanish government and CNMV's actions on BBVA's proposed acquisition of Sabadell?

The Spanish government and the CNMV (National Securities Market Commission) are delaying BBVA's takeover bid for Sabadell, raising concerns for BBVA's president, Carlos Torres. The Economy Minister, Carlos Cuerpo, expresses competition concerns, despite technical approval from the CNMC (National Commission of Markets and Competition). The CNMC suggests conditional approval with manageable remedies for BBVA.

elmundo.es

🌐 75% Global Worthiness

Jan 9, 22:10

S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger

S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...

S\&P: Manageable Impact Expected from Potential BBVA-Sabadell Merger

S\&P Global Ratings deems the potential BBVA-Sabadell merger manageable for BBVA's capital and non-harmful to competition, while viewing Sabadell as independently viable; they predict further domestic consolidation in Spain's banking sector, with 2024 as the peak for profitability and increasing ris...

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What are the long-term implications for the Spanish banking sector and what key risks does S\&P highlight?

S\&P anticipates further consolidation among mid-sized European banks, including in Spain, driven by the lack of a European banking union. They expect 2024 to be the peak year for Spanish bank profitability, but it will remain solid, with Spanish banks widening their profitability gap over European peers, even considering the bank tax. Cyberattacks are identified as an increasing risk.

elpais.com

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Jul 10, 10:13

Santander to Boost UK Profitability with Sabadell Acquisition

Santander's acquisition of Sabadell's UK banking operations aims to generate €460 million in synergies by 2028, increasing its UK market share significantly while boosting the subsidiary's profitability from 11% to 16%.

Santander to Boost UK Profitability with Sabadell Acquisition

Santander's acquisition of Sabadell's UK banking operations aims to generate €460 million in synergies by 2028, increasing its UK market share significantly while boosting the subsidiary's profitability from 11% to 16%.

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What are the projected financial gains and strategic implications of Santander's acquisition of Sabadell's UK business?

Santander's acquisition of Sabadell's UK operations aims to generate £460 million (≈€460 million) in synergies by 2028, creating the UK's third-largest bank. This involves cost reductions across various areas, including commercial networks, organizational redundancies, and technology, totaling approximately €900 million.

cincodias.elpais.com

🌐 85% Global Worthiness

Jun 10, 10:11

CNMC Report Reveals Concerns Over BBVA-Sabadell Merger

The CNMC's report on BBVA's takeover bid for Banco Sabadell reveals that competitor banks are ready to gain clients if the merger proceeds, highlighting concerns over potential monopolies and the effectiveness of BBVA's proposed commitments to maintain commercial conditions for SMEs.

CNMC Report Reveals Concerns Over BBVA-Sabadell Merger

The CNMC's report on BBVA's takeover bid for Banco Sabadell reveals that competitor banks are ready to gain clients if the merger proceeds, highlighting concerns over potential monopolies and the effectiveness of BBVA's proposed commitments to maintain commercial conditions for SMEs.

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What are the immediate implications of the CNMC's report on BBVA's bid for Banco Sabadell?

The Spanish competition authority (CNMC) released its report on BBVA's takeover bid for Banco Sabadell, revealing that major competitors Santander and CaixaBank, along with other smaller banks, are prepared to attract Sabadell's clients if the merger proceeds. This highlights a key risk: customer churn due to the merger.

dailymail.co.uk

🌐 75% Global Worthiness

May 13, 19:13

NatWest's Failed Santander Bid and Future Acquisition Plans

NatWest's £11 billion bid for Santander UK's retail banking arm was rejected, ending takeover talks; this follows NatWest's strong first-quarter results and the government's near-complete exit from its ownership.

NatWest's Failed Santander Bid and Future Acquisition Plans

NatWest's £11 billion bid for Santander UK's retail banking arm was rejected, ending takeover talks; this follows NatWest's strong first-quarter results and the government's near-complete exit from its ownership.

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What were the immediate consequences of NatWest's unsuccessful bid to acquire Santander UK's retail banking arm?

NatWest's £11 billion bid for Santander UK's retail banking arm was rejected by Santander, ending takeover talks. This would have been the largest banking deal since the 2008 financial crisis. NatWest's strong first-quarter results (a 15 percent increase in income to £4 billion) and reduced government stake suggest increased acquisition potential.

elmundo.es

🌐 75% Global Worthiness

Apr 16, 04:09

Catalan Stability Threatens Sánchez's Power

Catalonia's economic elite supports the Sánchez government, but internal Junts divisions and the BBVA's bid for Banco Sabadell threaten this stability, potentially jeopardizing Sánchez's power due to rising nationalist sentiment and economic concerns.

Catalan Stability Threatens Sánchez's Power

Catalonia's economic elite supports the Sánchez government, but internal Junts divisions and the BBVA's bid for Banco Sabadell threaten this stability, potentially jeopardizing Sánchez's power due to rising nationalist sentiment and economic concerns.

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What are the immediate political and economic threats to the Sánchez government's stability stemming from the situation in Catalonia?

The Catalan economic elite is content with the Sánchez government in Madrid and Illa's leadership in the Catalan regional government, viewing it as a period of stability after the tumultuous 'procés' decade. However, this complacency masks potential threats to Sánchez's continued power, stemming from internal Catalan political dynamics and economic factors.

kathimerini.gr

🌐 85% Global Worthiness

Mar 7, 10:09

Eurobank to Create Largest Cypriot Bank via Hellenic Bank Acquisition

Eurobank is acquiring 100% of Hellenic Bank for €4.843 per share, creating Cyprus's largest bank with €28 billion in assets and significantly expanding Eurobank's market share in Cypriot insurance via CNP Insurance; the merger is expected to yield €120 million in synergies by 2027 and increase Eurob...

Eurobank to Create Largest Cypriot Bank via Hellenic Bank Acquisition

Eurobank is acquiring 100% of Hellenic Bank for €4.843 per share, creating Cyprus's largest bank with €28 billion in assets and significantly expanding Eurobank's market share in Cypriot insurance via CNP Insurance; the merger is expected to yield €120 million in synergies by 2027 and increase Eurob...

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What are the immediate consequences of Eurobank's acquisition of Hellenic Bank for the Cypriot banking and insurance sectors?

Eurobank's acquisition of Hellenic Bank and subsequent merger with Eurobank Cyprus will create the largest bank in Cyprus, boasting €28 billion in assets. The deal also grants Eurobank a leading position in the Cypriot insurance market through CNP Insurance, with projected market shares of 30% in life insurance and 22% in general insurance.

Showing 1 to 11 of 11 results