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Banco Popular Espanol SA (POP.MC)

POP.MC on Madrid SE C.A.T.S.

0.68EUR
25 May 2017
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€0.68
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50,182,699
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€2.12
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€0.60

Latest Key Developments (Source: Significant Developments)

Merlin buys its shares for 35 mln euros within divestment process carried out by Banco Popular
Thursday, 18 May 2017 02:58am EDT 

May 18 (Reuters) - MERLIN PROPERTIES SOCIMI SA ::BUYS 0.70 PERCENT OF ITS SHARE CAPITAL, WITHIN FRAMEWORK OF DIVESTMENT PROCESS CARRIED OUT BY BANCO POPULAR SA IN RELATION TO ITS STAKE IN MERLIN.THE TOTAL INVESTMENT AMOUNTS TO 35.4 MILLION EUROS.  Full Article

Banco Popular sells 2.86 pct of Merlin Properties for 143.8 mln euros
Thursday, 18 May 2017 01:27am EDT 

May 18 (Reuters) - BANCO POPULAR ESPANOL SA ::SAID ON WEDNESDAY THAT IT CLOSED THE PLACEMENT OF 2.86 PERCENT (13.4 MILLION SHARES) OF MERLIN PROPERTIES FOR 10.725 EUROS PER SHARE, A TOTAL OF 143.8 MILLION EUROS.  Full Article

Banco Popular launches sale of 2.86 pct of its stake in Merlin Properties
Wednesday, 17 May 2017 12:06pm EDT 

May 17 (Reuters) - BANCO POPULAR ESPANOL SA ::PLACES THROUGH ACCELERATED BOOKBUILDING ABOUT 2.86 PERCENT OF ITS STAKE IN MERLIN PROPERTIES.  Full Article

Banco Popular says ECB inspection is part of regular supervision
Monday, 15 May 2017 03:50am EDT 

May 15 (Reuters) - BANCO POPULAR ESPANOL SA ::SAYS DENIES ECB FINALIZED INSPECTION IN THE BANK IN RECENT WEEKS.SAYS DENIES ECB ISSUED ANY CONCLUSIONS RELATED TO PROVISIONS OR COMPLETED A VALUATION OF DEPOSITS OF THE BANK.SAYS INSPECTION BY ECB IS PART OF ORDINARY SUPERVISION PROCESS.  Full Article

Banco Popular says would consider sale of U.S. unit Totalbank
Friday, 5 May 2017 07:28am EDT 

May 5 (Reuters) - CEO of Banco Popular ::Says would consider selling U.S. unit Totalbank if there was good offer.  Full Article

Popular says would consider selling credit card business Wizink
Friday, 5 May 2017 07:17am EDT 

May 5 (Reuters) - CEO of Banco Popular ::Says at right price would be willing to sell credit card business Wizink.Says has not been approached by any competitor regarding a possible merger.Says if the bank carries out another capital increase it would be preferably directed to institutional investors .  Full Article

Banco Popular says expects to return to profit this year
Friday, 5 May 2017 06:37am EDT 

May 5 (Reuters) - CEO of Banco Popular ::Says expects to return to profit this year if there are no extraordinary provisions.  Full Article

Popular has abandoned plan to spin off real estate unit - CEO
Friday, 5 May 2017 05:55am EDT 

May 5 (Reuters) - CEO of Banco Popular ::Says 'Project Sunrise' to spin off real estate assets is "totally abandoned".Under the previous management the bank was planning to spin off around 6 billion euros into a separate unit.Banco Popular is the most exposed lender to toxic real estates among Spanish lenders.At end-December, Popular finished with non-performing assets of 36.8 billion euros.  Full Article

Popular says could generate 100 basis points in capital via asset sales
Friday, 5 May 2017 05:23am EDT 

May 5 (Reuters) - Spain's Banco Popular ::Says expects to generate around 100 basis points in capital through sale of non-strategic assets.  Full Article

Banco Popular to sell all the shares of unit Popular Servicios Financeros to ABANCA for 39 mln euros
Tuesday, 2 May 2017 12:48pm EDT 

May 2 (Reuters) - Banco Popular Espanol SA ::Says to sell all the shares of its unit Popular Servicios Financeros to ABANCA Corporacion Bancaria for 39 million euros ($42.5 million).Says sale represents a gain of 6.7 million euros.  Full Article

More From Around the Web

Fitch Downgrades Popular's IDR to 'B'; Puts on Rating Watch Negative

(The following statement was released by the rating agency) BARCELONA/LONDON, May 19 (Fitch) Fitch Ratings has downgraded Banco Popular Espanol S.A.'s (Popular) Long-Term Issuer Default Rating (IDR) to 'B' and Viability Rating (VR) to 'b' and placed them on Rating Watch Negative (RWN) following the deterioration of the bank's capital metrics in 1Q17. A full list of rating actions is at the end of this rating action commentary. The downgrade of Popular's ratings reflects its deteriorated capital