Key Developments: Banco de Sabadell SA (BNDSF.PK)
2.20USD
20 Nov 2012
$0.02 (+0.92%)
$2.18
$2.20
$2.20
$2.20
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Latest Key Developments (Source: Significant Developments)
Banco Sabadell SA Completes Operation To Take Over Banco Mare Nostrum SA’s banking business in Catalonia and Aragon
Banco Mare Nostrum SA announced that Banco Sabadell SA will take over the assets, liabilities and branch network that comprise the banking business of Banco Mare Nostrum SA (BMN) in Catalonia and Aragon, having completed the sale operation, which was announced in November 2012. The transfer covers a total of 462 branches (443 in Catalonia and 19 in Aragon) and the business of the 900,000 customers that form part of this regional directorate, as well as the 2,020 employees attached to its network and central services. The sum of the assets and liabilities transferred totals, respectively, EUR 9,950 million and EUR 9,613.4 million. Full Article
Banco de Sabadell SA’s Subsidiary Sells Its Total Stake In Melia Hotels International SA
Banco de Sabadell SA announced that on May 13, 2013 its 100%-owned subsidiary, Inversiones Cotizadas del Mediterraneo SL, sold its total stake in Melia Hotels International SA, representing 6.007%, through the placement operation (ABB) among the qualified investors. As a result, the Company’s subsidiary sold 11,099,999 shares of Melia Hotels International SA, at a price of EUR 5.50 per share. The total sale amount ascended to EUR 61,049,994.50. Full Article
Banco de Sabadell SA Acquires 49.9% Stake It Did Not Own In Mediterraneo Vida From Aegon NV-Reuters
Reuters reported that Banco de Sabadell SA (Sabadell) said on May 3, 2013 it had bought the 49.9% it did not yet own in domestic insurer Mediterraneo Vida from Aegon NV, giving it full control of the company. The deal was worth EUR 449.5 million (USD 588 million). Aegon NV had held the stake through a partnership with former Spanish savings bank CAM, which was bought by Sabadell in 2011. Full Article
Lloyds Banking Group PLC Agrees To Sell Spanish Retail Business To Banco de Sabadell SA-Reuters
Reuters reported that Lloyds Banking Group PLC (Lloyds) on April 29, 2013 said it had agreed to sell its Spanish retail banking business to Banco de Sabadell SA in exchange for a 1.8% stake in the Company. Under the agreement, Lloyds said Banco de Sabadell SA would hand over shares from its treasury stock in exchange for Lloyds' private and retail banking business in Spain, worth GBP 1.52 billion (USD 2.35 billion). On completion Banco de Sabadell SA will give Lloyds 53.7 million shares from its treasury holding worth around GBP 72 million, based on its average share price on April 26, 2013. The Company could pay a further GBP 17 million over the next five years dependent on mortgage book margins. Full Article
Standard & Poor’s Affirms Credit Ratings On Banco de Sabadell SA-DJ
Dow Jones reported that Standard & Poor’s has affirmed its BB/B ratings on Banco de Sabadell SA. The outlook remains negative. Full Article
Spain To Inject EUR 245 Million In Banco Gallego; To Sell It To Banco de Sabadell SA-DJ
Dow Jones reported that Spain's bank restructuring fund on April 19, 2013 said it will inject EUR 245 million (USD 319.7 million) into Banco Gallego, prior to its transfer to Banco de Sabadell SA (Sabadell) for a symbolic price of EUR 1. The state-backed Fund for Orderly Bank Restructuring announced that it had awarded the bank to Sabadell. Banco Gallego was previously controlled by NovoCaixaGalicia, which was taken over by the state in 2011. Full Article
Spanish Stock Market Regulator Authorizes Tender Offer Of Spanish Banks, Including Banco de Sabadell 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
Spain to Sell Nationalized Banco Gallego to Banco de Sabadell SA-DJ
Dow Jones reported that Spanish state-backed Fund for Orderly Bank Restructuring (FROB) announced that it would sell the nationalized lender Banco Gallego to Banco de Sabadell SA.FROB was negotiating the terms of the sale with Banco de Sabadell SA and did not provide any financial details of the transaction. Banco Gallego is controlled by NovoCaixaGalicia, which was taken over by the state in 2011. Aside from Banco de Sabadell SA, Banco Espirito Santo SA and a Venezuelan bank had put up offers for Banco Gallego. On April 17, 2013 FROB decided that Banco de Sabadell SA's offer was the most adequate of any it received. Full Article
Banco de Sabadell SA Announces Further Details On FY 2012 Dividend Payment
Banco de Sabadell SA announced that it is planning a dividend payment for fiscal year 2012 in the amount of EUR 29,595,550.17, at a value of EUR 0.01 per share, effective on April 5, 2013. Full Article
Banco de Sabadell SA To Propose FY 2012 Dividend and Bonus Shares Payment
Banco de Sabadell SA announced that on January 24, 2013 the Board of Directors agreed to submit for approval to the shareholders a dividend payment for fiscal year 2012 at a gross value of EUR 0.01 per share and a bonus shares payment at a value of EUR 0.02 per share. Full Article
Update-Moody's upgrades 2 notes and confirms 4 notes in 2 Spanish SME ABS backed by Banco Sabadell-Originated Loans
IM Sabadell Empresas 1, FTA (Sabadell 1) & IM Sabadell Empresas 3, FTA (Sabadell 3)
Earnings vs. 
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