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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,328
1624hr
Pakistan Cases
1,266,826
62224hr
1.4% positivity
Sindh
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Islamabad
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KPK
177,132

Unicaja

Unicaja merger values Liberbank at 763mn euros
Business & Finance

Unicaja merger values Liberbank at 763mn euros

  • The boards of Unicaja and Liberbank approved on Tuesday a merger in which Unicaja will fully absorb its rival to create a bank with 110 billion euros in assets.
  • Unicaja will grant 1.075 billion new shares to the holders of Liberbank as part of the deal, brokerage Jefferies said.
Published 30 Dec, 2020 07:06pm
Spain's Unicaja, Liberbank to approve merger at Tuesday board meetings
Business & Finance

Spain's Unicaja, Liberbank to approve merger at Tuesday board meetings

  • Extraordinary board meetings are expected to sign off on the deal on Tuesday after both lenders agreed in principle on the financial terms and the future management of the combined group.
  • Banks in Europe are grappling with record low interest rates and the economic impact of the pandemic is forcing them to make further cost cuts.
Published 28 Dec, 2020 08:10pm