Spain’s government is opposing a hostile takeover bid by Spanish bank BBVA for the Spanish multinational financial services company Sabadell that provides a wide range of banking products and [...]
From this Friday, Portugal’s bank BCP will pay out a dividend of three cents per share from a total dividend pot worth €453.4 million. The payout per share has almost doubled on last year, [...]
The US ratings agencies say that if the acquisition of Novobanco by French group BPCE is successfully completed, then it will likely increase the bank’s rating. In a note sent to the securities [...]
Portugal’s Banco Comercial Português (BPC) has issued €500 million in preferential senior securities (Minimum Requirement for own funds and Eligible Liabilities). The bank, recognised by [...]
Movers and shakers in Portugal’s financial sector are said to be satisfied with the sale of Novobanco to France’s BPCE Group, considering it “good for the other banks” since it will reduce the [...]
France’s BPCE group, which has signed a Memorandum of Understanding to purchase Portugal’s Novobanco, has agreed to pay almost 1.7 times of the book value, meaning 70% above the average that [...]
Portugal’s high street bank BCP has spent €110 million on a share buyback programme, acquiring 182,927,697 shares worth 1.21% of its capital. In a note sent to the Portuguese securities market [...]
The Canadian ratings agency Morningstar DBRS has increased the long term rating on Banco Montepio’s non-guaranteed senior bonds to BBB (low), taking them from ‘junk’ status to investment grade. [...]
The French banking group BPCE is said to be in the lead to buy Novobanco if the offer is accepted by the US majority shareholder Lone Star that holds 75% of the bank. Although the Spanish bank [...]
Rumours were swirling in Lisbon last week that Novobanco had likely been sold to the French banking group BPCE, but the news was finally confirmed on Friday. An agreement was reached between the [...]
