BBVA tests Italian waters

Article Abstract:

Banco Bilbao Vizcaya Argentaria S.A. of Spain has an all stock bid for acquisition of Banca Nazionale del Lavoro S.p.A. of Italy for approximately $8.29 billion. Banco Bilbao Vizcaya Argentaria S.A. is awaiting the decision of Antonio Fazio, the head of the Bank of Italy for approval of the acquisition. A successful bid would give the Spanish banking interest a market capitalization of $66 billion.

Spain, Banco Bilbao Vizcaya Argentaria S.A., Banca Nazionale del Lavoro

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ABN Amro gets stuck holding Italian stake

Article Abstract:

ABN AMRO Holding N.V. of the Netherlands is facing months of uncertainty with the banks $2.78 billion stake in acquisition target Banca Antonveneta S.p.A. The rival bid of Banca Popolare Italiana SCARL is being investigated for possible securities-law violations in a financial controversy that has shaken the Italian banking establishment.

Netherlands, ABN AMRO Holding N.V., ABN, Banca Antonveneta

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