Merger in sight in Spanish banking sector: Unicaja and Liberbank could create the sixth largest entity for assets

Merger In Sight In Spanish Banking Sector: Unicaja And Liberbank To Create The Sixth Largest Entity For Assets

Unicaja Banco and Liberbank have acknowledged this Wednesday preliminary contacts for a possible corporate operation without, for now, having taken any decision. If the operation is carried out, the resulting bank would be the sixth largest in assets overtaking Bankinter and could achieve cost synergies of around 200 million euros (50% of the base costs of Liberbank in 2018).

Solarpack: another actor comes onto Spain's solar energy scene

Solarpack: Another Actor Comes Onto Spain’s Solar Energy Scene

Shares of Solarpack, a company specialized in the construction and maintenance of photovoltaic power plants, based on the Basque country, started trading on Wednesday, at the Bilbao stock exchange. Solarpack announced that the book-building process for the initial offering of its ordinary shares has been completed with an offer price of €8.3 per ordinary share and an offering size of €100 M.

DIA suffers 70% fall in sales so far this year

DIA Suffers 70% Fall In Sales So Far This Year: Take-Over More Likely After Profit Warning

The Board of the supermarket chain DIA has issued a profit warning because of the fall in the volume of sales and the increase in operating costs, which has caused it to revise its estimation of Ebitda for 2018 to between 350-400 million euros. This reduction of the forecast for 2018 does not include the potential impact of hyperinflation in Argentina, a country which accounts for 15% of sales.