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Bankia-BMN merger

Ibex, Markets, Spanish economy 16th September 2020

Bankia To Reach Highest CET1 In Spain After Changes To Assess Its Retail Mortgage Line Regulatory Capital

Bankia has been authorized by the ECB to change the parameters used for its calculation of credit risk linked to its retail mortgage business, according to a statement it published on market regulator CNMV’s website on Tuesday. This will allow Bankia to lift its CET1 capital ratio to 160 bp from 13.27% to 14.87%, the highest among Spanish banks as well as could favor the bank in the merger process with CaixaBank.

telefonica vivo

Ibex, Markets 31st July 2020

Telefonica Joins Forces with TIM And Claro To Buy Oi, A Deal Aimed At Defending Its Leadership Position In Brazil

Spanish telecommunications’ giant Telefonica, together with Italy’s TIM and Mexico’s Claro, have tabled a 2.706 billion euros joint offer for the assets of Brazil’s Oi, the fourth largest telco in Brazil. This bid is 10% over the minimum auction price of 2.5 billion euros required by the company. Telefonica is market leader in Brazil with a share of 33% followed by TIM and Claro, with 24% each.

Abengoa AtlanticoYield

Markets, Spanish Small & Mid Caps 27th July 2020

Clouds Over Abengoa’s Viability Will Be Cleared This Week

Abengoa’s risk profile was already very high but this has been aggravated to the point where there is no possibility of business continuity due to the situation resulting from the Covid-19. Abengoa and the banks are negotiating against the clock to find a solution that will allow the company to receive 300 million euros before July 31 and avoid bankruptcy proceedings.

Masmovil

Ibex, Markets 8th July 2020

Green Light For Foreign Investment In Spanish Operator MasMovil

The government has approved the takeover bid by the Cinven, KKR and Providence funds for MasMovil, meaning another requirement for the success of the operation has been met. On 1 June, a consortium formed by these three funds launched a bid for 100% of the Spanish operator’s capital at 22.5 euros/share.

MasMovil Ibex35

Ibex, Markets 1st June 2020

KKR, Cinven And Providence Launch A Cash Takeover Bid For Masmovil At €22.5/Share

What was a rumour all weekend, has become official: Spain’s fourth major telecoms operator, MasMovil, has confirmed with Spanish market regulator CNMV the offer from the funds KKR, Cinven and Providence, via Lorca Telecom BidCo. The full cash bid for MasMovil from the consortium formed by the three investment funds would be at 22.5 euros/share. The price represents a premium of 20.2% over Friday’s closing price of 18.72 euros/share (capitalization of 2.466 billion euros).

BME Spanishstock exchange

Markets, Spanish Small & Mid Caps 30th March 2020

Next Stage In Six’s Takeover Bid For BME: Spain’s Regulator Approves The Operation

Spanish watchdog CNMV considers that the terms of SIX’s takeover bid for BME have been adapted to current standards, while the contents of the prospectus submitted, after the latest amendments on 25 March 2020, are sufficient. SIX is offering €33.4 per share. The acceptance period is 43 calendar days from the business day following the publication of the takeover announcement. One of the major new features of the transaction is SIX’s commitment to maintaining BME’s activities and locations in Spain for 10 years, as opposed to the initial four years.

Banco Santander fulfills its commitment to shareholders and raises cash dividend by 3%

Ibex, Markets 19th March 2020

The Covid19 Crisis Could Cut Santander’s Profits By 5%

Santander has became the first Ibex-35 company to quantify a preliminary impact on its accounts due to the effect of the coronavirus.In a statement to the Spanish Watchdog CNMV, the banking group said it expects no effect on its first quarter figures. But in a scenario of rapid recovery or “V”, the crisis will trim 5% off full-year 2020 profits, it added.