MADRID - British telecoms group Vodafone has reached a preliminary deal to buy Spanish cable group Ono after raising its initial bid for the company, two people with knowledge of the discussions said on Friday.
SAO PAULO/NEW YORK - An activist U.S. investor has asked Chilean bank CorpBanca SA to reconsider its approval of a merger with Brazil's Itaú Unibanco Holding SA and to launch a new auction, alleging CorpBanca had sold its minority investors short while benefiting its key shareholder.
FRANKFURT/MADRID - Banks such as Deutsche Bank and JPMorgan are teaming up with international funds to bid for a multi-billion-euro portfolio of Spanish property loans as the country's real estate market thaws, sources close to the process said.
DUBLIN/LONDON - Two of Bank of Ireland's largest shareholders, who helped keep it out of state hands at the height of the euro zone debt crisis in 2011, stand to more than triple their money when they sell back a part of their stake on Tuesday.
SAO PAULO/NEW YORK - A United States activist investor is asking CorpBanca SA's board to scrap its recent tie-up with Brazil's Itaú Unibanco Holding SA and launch a new auction, alleging the Chilean bank sold its minority investors short while benefiting its controlling shareholder, according to documents seen by Reuters.
MADRID - Billionaire financier George Soros was one of the investors in bailed-out lender Bankia , after the Spanish government began selling down its stake, which was almost entirely placed with foreign funds, a source familiar with the process said.
MADRID - Hedge fund managers George Soros and John Paulson have both taken a 92 million euro ($127 million) stake in a new Spanish property investment vehicle called Hispania, the Financial Times reported on Saturday citing sources close to the deal.
MADRID - More than 200 migrants scaled the triple fence surrounding Spain's North African enclave of Melilla on Friday in another mass crossing of the heavily protected border, the Spanish government said.
- Spain sold part of its stake in bailed out lender Bankia on Friday to start the process of returning the country's biggest bailed-out bank to private ownership.
MADRID - Spain's economy grew between October and December as domestic demand and investments improved, data showed, adding to signs that its recovery from recession is slowly gaining traction.
FRANKFURT - Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone financial system.