BBV, Argentaria conclude merger; share swap valued at Euro10.46 billion

Article Abstract:

Banco Bilbao Vizcaya and Argentaria Caja Postal y Banco Hipotecario SA have decided in a share swap worth Euro10.46 billion that they will form Banco Bilbao Vizcaya Argentaria SA (BBVA), the second-largest bank by assets in Spain, and a top-ten participant in the euro zone. The swap is regarded as marking the final stage in a domestic consolidation program that will enable BBVA to focus on other European markets. The new bank, will probably be formidable in Europe, cochairmen Emilio Ybarra and Francisco Gonzalez stated that they plan to create a "grand Latin bank," with a focus on France, Italy, and Portugal.

Acquisitions & mergers, Foreign operations, Argentina, Spain, Banco Bilbao Vizcaya Argentaria S.A., Banco Bilbao-Vizcaya S.A., Argentaria Caja Postal y Banco Hipotecario S.A.

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Polish state tresury opens tender for sale of Bank Zachodni

Article Abstract:

The State Treasury of Poland opened a tender for Bank Zachodni SA. From 10% to 80% of the bank is being offered to a strategic investor. Parties that are interested in acquiring a share must express their interest by the February 15, 1999 deadline. Their offers must be filed by March 5, 1999. The treasury will narrow down the list of candidates for talks by April 30, 1999.

Comment:

State Treasury of Poland opened a tender for Bank Zachodni SA

Poland, Abstract, Bank Zachodni SA

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AIB may be takeover target as share price slips, some say

Article Abstract:

The article discusses the possibility of Allied Irish Banks PLC (AIB) being a takeover target now that its share price has fallen.

Ireland, Brief Article, Allied Irish Banks PLC, AIB

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