SR Investments Group的动态

In Spain, the merger between BBVA and Sabadell has marked a significant shift in the banking sector, further restricting financing options for businesses similar to the 2008 Santander UK takeover of Alliance & Leicester. As José Roca, founding partner of Kaizen Consulting, notes in this?El Mundo?article, "This concentration reduces competition and makes access to credit more difficult, particularly for businesses reliant on both banks." Given this trend, companies must anticipate these challenges and diversify their sources of liquidity. Below is the full article where José Roca delves deeper into the implications: https://lnkd.in/edfrBKPd

Expansión?has published Thomas Nienaber's insights on the pivotal factors in BBVA’s takeover bid for Banco Sabadell. "The common perception is that the fate of BBVA's hostile takeover bid for Sabadell is in the hands of Spanish and Catalan politicians. Or perhaps it is in the CNMC's spreadsheets as they analyze the anti-competitive elements of the combination... In reality, however, all of these aspects are far less important than another factor that is largely outside of BBVA's control and will likely decide whether or not the acquisition is successful..." Read the full article to hear how international dynamics are influencing one of Spain’s most significant financial moves: https://lnkd.in/eivexZ29 Mark Kelly Tony White #BBVA #SAB #Spain #Takeover #InvestmentBanking #EventDriven #Investors #InvestmentManagement

BBVA has launched a substantial takeover bid for Banco Sabadell valued at €12 billion. This move marks a significant shake-up in the industry, proposing an all-share deal that could not only increase BBVA's assets but also potentially elevate it to the third-largest bank in the eurozone by market value. At the back of such a transformational move in the European banking industry, a few international outlets, including the Financial Times, quoted Alantra Equities’ expert views on the potential merger and the options and value drivers for each bank. This culminates a week in which our ECM teams have launched the largest IPO ever on the Italian EGM market and organized a Conference with some of the most relevant small and mid-caps in Iberia. Kudos to Fernando Lafuente Sese?a, Pedro Garnica, Stefano Bellavita, and Francisco Riquel Correa! #OneAlantra #Banking #capitalmarkets #Finance #MergersAndAcquisitions #BBVA #Sabadell #nextgeo

In today’s blog, Jakub Lichwa dives into the recent merger discussions between BBVA and Banco Sabadell, which would strengthen BBVA’s SME franchise in the Spanish market and rebalance its reliance away from Mexico, towards Europe. Jakub looks at the M&A trend that is starting to form across Europe and concludes that we should not rule out further transactions in the European banking space. Read more: https://okt.to/PVeF2H #m&a #banks #europeanmergers

If BBVA’s bid for Banco Sabadell goes through, the combined entity will unseat Santander as Spain’s largest bank by assets. I asked CFO Jose Garcia Cantera how they’re preparing for that possibility… “Our focus is on profitability, not size,” he said explaining how their international exposure cushions them, despite Spain driving their record profit. He added that an IPO may not be the best option for its payment business Ebury, previously reported to be eyeing a ￡2 billion valuation in London. Online story with Levin Stamm ???? https://lnkd.in/ep5ypF5r Interview below???? #Spain #banking #deals #mergersandacquisitions #BBVA #Santander #CNMC #consolidation #IPO #payments #Europe

SPECTRUM MARKETS is thrilled to have participated in the Directa Sim’s top clients event in partnership with Raydius during the Internazionali BNL d'Italia 2024 in Rome. ? Spectrum Markets is committed to listening to the demands of European retail investors, and this event was a chance to do just that. It’s one example of how we're on the ground listening to and understanding our partners’ and clients’ needs. We’re fostering a community of business partners and investors, through which we can share expertise, and enhance retail investors’ trading skills. In return, Spectrum Markets and Raydius can learn from those investors, enabling us to continue innovating, making A Better Way for our industry.? ? We aim to make trading more accessible, providing adaptable investment solutions with guaranteed liquidity, competitive costs, and access to our products which offer exposure to different types of underlyings such as indices, equities and also cryptos within a regulated environment throughout extended trading hours.? ? Learn more at?https://lnkd.in/eVAxnHdv ? #trading #investing #innovation

????????????'?? ???????? ?????????????????????? ???????????? ??????????, ??????-?????? ???????? Cbonds is delighted to present the Bookrunner League Table for Local Spanish Bonds, spanning January to June 2024. This table is curated to showcase the activity of investment banks and companies (Bookrunners) within the primary local borrowing market, focusing specifically on the amounts placed. ???????? ???????? ?????? ?????????? ?????????????????????? ???????????????? ?????????? ?????????????? ??????????, ?????????????????? ?????????????????????? ??????????, ???????????????????? ????????????????, ?????? ?????????? ???????? ?? ???????????????? ?????????? 365 ????????. CaixaBank is ranked the highest in the main league table with a result of 5 019,74 million US dollars and 5 issues. It is followed by Ibercaja, which arranged 2 issues for a total of 1 621,70 million US dollars, and European Investment Bank (EIB), which took part in arranging the placement of 1 issues for 1 401,09 million US dollars. The top five also include Santander and Banco Sabadell which took part in arranging the placement of 7 and 1 issues for a total of 1 381,22 million US dollars and 1 086,92 million US dollars respectively. The Top-10 also include - BBVA - Crédit Agricole CIB - BANCO COOPERATIVO ESPA?OL - HSBC - UniCredit #spain #fixedincome #bondmarket #cbonds #mercadodebonos #bancadeinversion #rentafija

???? ?? #Kinstellar has successfully advised?Banque Fédérative du Crédit Mutuel S.A.?(owner of #Cofidis Bank) on?the #acquisition of BNP Paribas’s #Hungarian subsidiary, Magyar #Cetelem Bank. ?? Kinstellar provided comprehensive assistance to Cofidis Bank throughout the entire #transaction process, which included extensive #corporate support, #banking #regulatory approvals, #merger clearance, #competition law considerations, and the closing of the transaction. ?? This transaction exemplifies the seamless and efficient teamwork across service lines in our #Budapest office. ?? Our was led by Gábor Gelencsér (Partner, M&A, Corporate) and Levente Heged?s (Partner, Banking and Finance), with support from Bianka Kovacs (Senior Associate), Aron Barta (Senior Associate), and Judit Sós (Associate) from our M&A and Corporate team. Additionally, Péter V?r?s (Partner) and Orsolya Staniszewski (Associate) from our #Competition team, along with Veronika Heiszer, Associate, Banking & Finance, and Daniel Nagy, Senior Associate, #TMT and Data Protection, contributed to the success of this transaction. The process was further assisted and facilitated by Prague-based Partner Karla Rundtova, the firm-wide head of the Foreign Direct Investment Screening service line. ?? https://lnkd.in/gnQAKa-p #donedeals #CorporateLaw #FinancialSector #FinancialServices #BankingRegulation #MergersAndAcquisitions #CompetitionLaw #TransactionClosing #SeamlessService #Teamwork #LegalAdvisory #HungarianMarket #BudapestLegal #ClientSuccess

??????????????? BBVA’s Takeover of Banco Sabadell: Challenges and Opportunities ???? Today, Germán López Espinosa, professor at Universidad de Navarra, analyzes in El Confidencial the potential acquisition of Banco Sabadell by BBVA. This strategic move could reshape Spain's banking sector. ?? ?? Key Points: 1?? Regulatory Impact: Sabadell's lower risk-weighted asset (RWA) density may require BBVA to increase its Core Tier 1 Capital by €1.41 billion to maintain its regulatory capital ratio. ???? 2?? Credit to SMEs: Concerns arise about the potential reduction in credit supply to small and medium-sized enterprises (SMEs), especially in regions where the merged bank would dominate. ???? 3?? Shareholder Dynamics: Institutional investors, including BlackRock and Zurich, have increased their stakes in Sabadell, signaling confidence in the deal. Meanwhile, short-sellers like Millenium bet against it. ???? 4?? Value Creation: The merger could boost returns for Sabadell's shareholders through higher ROE and lower COE, aligning with BBVA’s superior historical performance. ???? ?? The Road Ahead: While regulatory and political challenges remain, the deal is likely to proceed unless alternative strategies for Sabadell shareholders emerge. This move could strengthen BBVA’s market position and deliver long-term value. ?? ??https://lnkd.in/d_aMHenN #BBVA #BancoSabadell #BankMergers #FinancialSector #Spain #BankingRegulation #SMEs #Investors #FinancialMarkets #BusinessStrategy #FinancialPerformance #RegulatoryCapital

???????? ?????????????? $????.?? ?????????????? ???????????????? ?????????? ???? ?????????????? ?????????????????? Spain's BBVA adjusted its $13.4 billion takeover bid for Sabadell, incorporating a cash component of €0.29 per share to maintain the offer’s value after dividend payments by both banks. This raises BBVA’s capital impact by 7-8 basis points. Sabadell's shareholders now get 1 BBVA share and €0.29 for every 5.0196 shares. Despite opposition from Spain's government, the takeover received ECB approval, with analysts predicting BBVA may increase the offer by 10%. #finance #news #BBVA #Sabadell #MergersAndAcquisitions Source:- https://lnkd.in/euKpR6hw