BBVA gets tepid hello in trading

Article Abstract:

The new Banco Bilbao Vizcaya Argentaria SA received a lukewarm reaction from the Spanish stock market on Wednesday, after trading resumed the day after the merger of Argentaria Caja Postal & Banco Hipotecario SA and Banco Bilbao Vizcaya SA (BBV). BBV stock increased 20 European cents each, or 1.6%, to Euro13.01, but Argentaria fell 30 cents, or 1.4%, to E21.39 in a generally flat market that witnessed the bluechip IBEX-35 index end a little lower. Although analysts expected bigger first-day gains for the Basque bank, they are still optimistic over the medium term. Meanwhile, they attributed Argentaria's decline to profit-taking after early gains and dissatisfaction with the bank's small premium.

Organizational history, Argentina, Spain, Securities issued, listed, Banco Bilbao Vizcaya Argentaria S.A., Argentaria Caja Postal and Banco Hipotecario SA

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MertiaNordbanken launches bid of 2.96 billlion for Christiania

Article Abstract:

Finnish-Swedish group MeritaNordbanken launched a 24.3 billion Norwegian kroner bid for Christiania Bank og Kreditkasse ASA of Norway. The acquisition would create the largest financial group in the Nordic and Baltic region, with combined assets of 123 billion (Euro), seven million customers and 900 branches in seven countries. MertiaNordbanken estimates the pretax revenue and cost savings for the new group could reach 80 million (Euro) per year within three years.

Norway, Christiania Bank Og Kreditkasse, MeritaNordBanken

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Unicredito may merge with BBV

Article Abstract:

Alliance talks under way between Unicredito Italiano SpA and Spain's Banco Bilbao Vizcaya SA could lead to Europe's first major cross-border banking merger since the introduction of the euro in January. Neither bank would confirm they are planning a merger. An official at Unicredito said the talks with BBV envision a possible share swap and the pooling of some assets into a European joint venture, but an outright merger is not on the agenda.

European Union, Alliances, partnerships, Unicredito Italiano S.p.A.

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