BBVA withdraws from the battle to acquire BNL

Article Abstract:

Banco Bilbao Vizcaya Argentaria S.A. of Spain is withdrawing its bid to acquire Banca Nazionale del Lavoro of Italy, as the bank did not wish to compete with Unipol Assicurazioni S.p.A. Banco Bilbao Vizcaya Argenataria S.A. is one of two foreign banks to attempt acquisitions in Italy's protectionist banking sector this year.

Italy, Spain, Banco Bilbao Vizcaya Argentaria S.A., Banca Nazionale del Lavoro

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Danske Bank agrees to buy Sampo operations for $5.15 billion

Article Abstract:

In its largest ever acquisition, Danske Bank A/S is acquiring Sampo Oyj's banking operations for $5.15 billion. With this acquisition, Danske Bank gains access to Finland, Estonia, Latvia, Lithuania, and Russia.

Finland, Denmark, Danske Bank A/S, Sampo Oyj

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BNP Paribas buys Libya bank stake

Article Abstract:

BNP Paribas S.A. gained operating control of Libya's Sahara Bank by purchasing a 19% stake at $200 mil. The deal will allow BNP Paribas to raise its stake in Sahara to 51% in three to five years.

France, BNP Paribas S.A., Libya, Sahara Bank

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