Abanca’s threat to launch one for Liberbank broke into negotiations between the Asturian bank and Unicaja for its merger, but the step back that gave the 2019 calendar with Week Numbers PDF group at the end has left the way clear to close it. Once the accounting review (“due diligence”) of each of the entities, Unicaja and Liber, has been completed bank will sit down to discuss the exchange ratio; that is, the weight and distribution of power in the future common bank. Although in the environment of both groups remember that Abanca never made a firm offer and that it is a serious negotiation and good understanding, it seems difficult that they can completely ignore the informal offer of the Galician entity, which offered 0.56 euros in cash per share after talking with some of Liberbank’s reference shareholders.
2019 calendar with Week Numbers PDF
The merger of Unicaja, with 57,504 million in assets, and Liberbank (39,227) will give rise to the sixth bank in the country (96,731). For the contribution of each, Unicaja would hold 60% and Liberbank 40%. However, this percentage will vary after analyzing the “due diligence” and an average of the exchange listing of each bank during a limited period. Thus, they point to a rebalancing towards 45% for Liberbank and 55% for Unicaja. Liberbank, in addition to its best commercial pulse, could try to assert the interest it awakens now, as was evidenced by the approach of Abanca, to defend a more favorable exchange. Even more in the face of the shareholders, who will bear in mind the price offered by Escotet.
Unicaja, however, argues that the fixation of the equation is limited to financial fundamentals. But in addition, and as already reported by ABC, it will defend that the stock price that is computed will be several months prior to last December, when the negotiation was unveiled, which distorted the price of both groups. The negotiations between Unicaja and 2019 calendar with Week Numbers PDF will not begin until the middle of the month, when the accounting revisions are expected to be ready. This delay will mean that the merger can not be put to the vote of the ordinary meetings of both groups at the end of April, which will force them to call extraordinary meetings, expected in May. What is not ruled out is that if the merger does not prosper, Abanca returns to the charge, because its owner, Juan Carlos Escotet, insists on growing with purchases.