Unicaja and Liberbank announce creation of Spain's fifth-biggest bank



© Reuters. FILE PHOTO: The logo of Unicaja bank is seen on the facade of a Unicaja bank branch in downtown Ronda

MADRID (Reuters) – The boards of Spanish lenders Unicaja and Liberbank on Tuesday approved the terms of an all-in share deal that will create Spain’s fifth-biggest bank with around 110 billion euros ($134.71 billion) in assets, the lenders said.

Under the terms of the deal, in which Unicaja will fully absorb Liberbank, the exchange ratio is set at 2.7705 Liberbank shares for each Unicaja share.

The deal still has to be approved by shareholders in votes to be held in the first quarter of 2021.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Crafts make a careers comeback





READ SOURCE

RELATED NEWSMORE FROM AUTHOR

LEAVE A REPLY

Please enter your comment!
Please enter your name here