The article reports on the long-awaited rights issue launched by Banco de Sabadell of Spain on February 27, 2012. It says that the bank sets out to raise 913 million euros to give it the balance sheet strength to take advantage of its acquisition of Banco CAM. According to the author, ...
In a deep financial crisis in Spain, Banco Sabadell won a competitive bid to acquire Banco CAM for the price of €1. The President of Banco Sabadell Josep Oliu announced at a press conference on the 8 December 2012 that BCAM, a similar size to its acquirer, must be integrated in less ...