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United States

Banco de Sabadell SA (SABE.MC)

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

1.41EUR
23 Feb 2017
Change (% chg)

€-0.04 (-2.56%)
Prev Close
€1.44
Open
€1.44
Day's High
€1.45
Day's Low
€1.41
Volume
26,867,788
Avg. Vol
25,775,614
52-wk High
€1.81
52-wk Low
€1.07

Latest Key Developments (Source: Significant Developments)

Banco de Sabadell SA to propose scrip dividend and complementary dividend
Friday, 29 Jan 2016 01:53am EST 

Banco de Sabadell SA:Says it will propose to the next shareholders' meeting a scrip dividend payment of 0.05 euro per share, through capital increase, payable in new shares and/or cash.To propose complementary dividend payment of 0.02 euro per share through delivery of its treasury shares.  Full Article

Banco de Sabadell SA acquires 4.99 pct in Banco GNB Sudameris
Thursday, 1 Oct 2015 11:46am EDT 

Banco de Sabadell SA:Buys 4.99 percent in Colombia's Banco GNB Sudameris SA for $50 million.  Full Article

Moody's affirms credit ratings on Banco de Sabadell
Tuesday, 24 Mar 2015 02:08pm EDT 

Banco de Sabadell SA:Moody’s Investor Services has affirmed its long and short-term credit ratings on company at Ba2 and NP, respectively with upward revision, following announcement of submission of tender offer to buy TSB Banking Group.  Full Article

Banco de Sabadell SA announces offer for TSB Banking Group pl
Friday, 20 Mar 2015 03:09am EDT 

Banco de Sabadell SA:Says the boards of directors of Banco de Sabadell S.A. ( Sabadell) and TSB Banking Group plc ( TSB) have reached agreement on the terms of a recommended cash offer for TSB by Sabadell.Pursuant to which Sabadell will acquire the entire issued and to be issued share capital of TSB (the Offer.Sabadell has agreed to acquire a 9.99 pct interest in TSB from Lloyds Bank plc ( Lloyds), and Lloyds has entered into an irrevocable undertaking to accept the Offer in respect of its entire remaining 40.01 pct shareholding in TSB.Under the terms of the Offer, TSB Shareholders will receive 340 pence per share in cash for each TSB Share, which values the entire issued share capital of TSB at about 1.7 billion Pounds.Sabadell is also announcing a fully underwritten rights issue, which is intended to raise gross proceeds of about e1.6 bln ($1.7 bln and 1.2 bln Pounds), such proceeds to be used to maintain Sabadell's Common Equity Tier 1 capital ratio following completion of the Offer.Goldman Sachs International is acting as exclusive financial adviser to Sabadell in respect of the Offer.Allen & Overy LLP is acting as legal adviser to Sabadell.Citigroup Global Markets Limited is providing financial and corporate broking advice to the TSB Directors in relation to the Offer and Rothschild is providing financial advice to the TSB Directors in relation to the Offer.  Full Article

S&P affirms credit ratings on Banco de Sabadell
Thursday, 19 Mar 2015 02:35pm EDT 

Banco de Sabadell SA:Says Standard & Poor’s Ratings Services has affirmed its long-term and short-term credit ratings on company at BB+ and B, respectively after announcement of possible presentation of offer to acquire TSB Banking Group.  Full Article

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BRIEF-Spain's Banco Sabadell says does not expect further depreciation of sterling

Feb 7 Jaime Guardiola, chief executive of Spain's Banco Sabadell, owner of Britain's TSB: