Key Developments: Banco Bilbao Vizcaya Argentaria S.A. (BBVA.N)
9.33USD
21 May 2013
$-0.10 (-1.06%)
$9.43
$9.28
$9.35
$9.19
229,992
326,764
$10.56
$5.30
Latest Key Developments (Source: Significant Developments)
Banco Bilbao Vizcaya Argentaria S.A. Announces Further Information About the Transfer of AFP Horizonte, S.A. Share Capital to AFP Integra, S.A. and Profuturo AFP, S.A.
Banco Bilbao Vizcaya Argentaria S.A. announced the transfer of a 100% of the share capital of the Peruvian company AFP Horizonte, S.A. in favor of AFP Integra, S.A. and Profuturo AFP, S.A., who have each acquired 50% of said company. The share transfer was completed and settled today through the Electronic System of the Lima Stock Exchange. Full Article
Grupo Aval Acciones y Valores SA Announces Further Details On Acquisition Of BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantias SA From Banco Bilbao Vizcaya Argentaria SA
Grupo Aval Acciones y Valores SA (Grupo Aval) announced, as a continuation of a press release on the acquisition of a 99.99% stake in BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantias SA from Banco Bilbao Vizcaya Argentaria SA, that the stake acquired by each entity involved in the transaction is as follows: Porvenir SA acquired 2,746,523,738 shares (a 64.29% stake), Banco de Bogota SA acquired 715,698,470 shares (a 16.75% stake), Banco de Occidente SA acquired 504,901,995 shares (a 11.82% stake) and Grupo Aval acquired 305,168,051 shares (a 7.14% stake). Full Article
Banco Bilbao Vizcaya Argentaria S.A. Announces Completion Of Sale Of BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantías S.A. To Grupo Aval Acciones y Valores, S.A
Banco Bilbao Vizcaya Argentaria S.A. announced that further to the announcement made earlier, the Company has completed the sale of its total stake in the Colombian company BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantías S.A. to Grupo Aval Acciones y Valores, S.A. and its affiliates Banco de Bogotá S.A., Banco de Occidente S.A. and Porvenir S.A. Full Article
Spanish Stock Market Regulator Authorizes Tender Offer Of Spanish Banks, Including Banco Bilbao Vizcaya Argentaria SA, To Acquire All Outstanding Shares Of Metrovacesa SA
Metrovacesa SA announced that on April 18, 2013 the Board of the Spanish stock market regulator (Comision Nacional del Mercado de Valores, CNMV) authorized the tender offer presented by Banco Bilbao Vizcaya Argentaria SA, Banco de Sabadell SA, Banco Popular Espanol SA and Banco Santander SA on January 29, 2013 to acquire all outstanding shares and delist Metrovacesa SA. The offer is aimed at 100% of the share capital of Metrovacesa SA, composed of 988,160,679 shares listed on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia and integrated into the Automated Quotation System, excluding 944,623,842 shares, representing a 95.59% stake of Metrovacesa SA, currently owned by the banks. As a result, the deal will involve the acquisition of 43,536,837 shares of Metrovacesa SA, representing a 4.41% stake. The offer price is EUR 2.28 per share. Full Article
Banco Bilbao Vizcaya Argentaria SA Announces Further Details On Share Capital Increase and Dividend Option Program
Banco Bilbao Vizcaya Argentaria SA (BBVA) announced that the Board of Directors at its meeting on April 3, 2013 agreed to carry out a share capital increase in the terms approved by the General Ordinary Shareholders’ Meeting held on March 15, 2013 under section 4.1 of the fourth point of the agenda. The number of shares to be issued is 97,300,884, in the amount of EUR 47,677,433.16, at a par value of EUR 0.49 per share. The new shares are expected to start trading on the Spanish Stock Exchanges on May 2, 2013. The capital increase serves as a tool for a development of the shareholder remuneration system called Dividend Option, which can offer BBVA’s shareholders the opportunity to receive the amount equivalent to the traditional dividend in shares of BBVA or in cash. Full Article
Unnim Banc SA Announces Further Details On Merger By Incorporation Into Banco Bilbao Vizcaya Argentaria SA
Unnim Banc SA announced that on March 15, 2013 Banco Bilbao Vizcaya Argentaria SA (BBVA) approved the Project of Merger by Incorporation of Unnim Banc SA into BBVA. BBVA is a majority shareholder of Unnim Banc SA. Under the terms of the agreement BBVA will acquire all the assets of Unnim Banc SA with all their rights and obligations, pursuant to the provisions of the Law 3/2009, April 3, on Structural Modifications of Corporations, as well as in accordance with the provisions of the Merger Project signed by the Board of Directors of BBVA and Unnim Banc SA on January 31, 2013. Full Article
Banco Bilbao Vizcaya Argentaria SA’s Shareholders Approve Merger By Incorporation Of Unnim Banc SA And Share Capital Increase
Banco Bilbao Vizcaya Argentaria SA announced that on March 15, 2013 at the General Shareholders’ Meeting, the shareholders approved the Project of Merger by Incorporation of Unnim Banc SA into the Company. The Company also announced that the shareholders approved a share capital increase through the issuance of new shares at a nominal value of EUR 0.49 per share. Full Article
Banco Bilbao Vizcaya Argentaria S.A. Sells Bond For EUR 1.5 Billion-DJ
Dow Jones reported that Banco Bilbao Vizcaya Argentaria S.A. announces that it has sold three-year senior unsecured bond for EUR 1.5 billion euro (USD1.95 billion). BBVA, Deutsche Bank, HSBC and Natixis are lead managers on the deal. Full Article
Banco Bilbao Vizcaya Argentaria S.A. Plans Bond Sale For EUR 1,500 Million-Reuters
Reuters reported that Banco Bilbao Vizcaya Argentaria S.A. is planning to sell three-year bonds for EUR 1,500 million. The bonds are set to price of 273 basis points over the midswap rate. BBVA, Deutsche Bank, HSBC and Natixis are lead managers on the transaction. Full Article
Banco Bilbao Vizcaya Argentaria S.A.'s Unnim Buys 50% Stake In Unnim Vida de Seguros y Reaseguros From Aegon NV-Reuters
Reuters reported that Banco Bilbao Vizcaya Argentaria S.A.'s Unnim has agreed to buy from Aegon NV a 50% stake that Aegon has in Unnim Vida de Seguros y Reaseguros for EUR 353 million. As a result of the transaction, Unnim controls a 100% stake of Unnim Vida de Seguros y Reaseguros. Full Article
UPDATE 1-Spain replaces nationalised Catalunya Banc chairman
MADRID, May 10 - Spain's FROB, the bank restructuring fund, ousted the management team of nationalised lender Catalunya Banc on Friday and said it was bringing in former BBVA executive Jose Carlos Pla as new chairman.
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