BCP gains control of Mello, Imperio

Article Abstract:

In a (euro)1.26 billion deal Banco Comercial Portugues S.A. appears to be aiming to become one of the largest financial groups in Iberia. Portugal's largest private bank will now have controlling stakes in Banco Mello S.A. and insurance company Cia. de Seguros Imperio.

Insurance, Insurance Carriers and Related Activities, Insurance industry, Banco Mello S.A., Seguros Imperio

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Merrill waives fees in BSCH takeover of Brazil's Banespa

Article Abstract:

Merrill Lynch and Co. is taking the unusual action of waiving millions of dollars in fees for its advisory role in Banco Santander Central Hispano SA's $3.6 billion (Euro3.83 billion) purchase of a controlling stake in Brazil's Banco do Estado de Sao Paulo.

United States, Securities Dealers, Investment Banking and Securities Dealing, Foreign operations, Contracts & orders received, Spain, Security brokers and dealers, Brazil, Contracts, Securities industry, MER, Banco do Estado de Sao Paulo S.A., Merrill Lynch & Company Inc., Banco Santander Central Hispanoamericano

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BCP revises insurer bid in EU fray

Article Abstract:

Portugal-based Banco Comercial Portugues has offered new terms in its acquisition bid for Cia de Seguros Mundial Confianca. BCP, which also made another bid for the financial divisions of Mundial Confianca, was buoyed by a announcement from the European Commission that it would suspend Portugal's veto of Mundial Confianca's sale to Spain's Banco Santander Central Hispano. BCP's new 4.5 billion Euro dollar bid for Mundial Confianca would give it less than the 51% stake it had previously wanted to acquire.

Banco Santander Central Hispano S.A., Cia. de Seguros Mundial Confianca

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