Friday, October 28, 2005
Bankinter eyed by Royal Bank of Scotland – reported rumour
Story: Bankinter, the Spanish bank controlled by the Botin family, could be the target of a friendly takeover bid by Royal Bank of Scotland, El Mundo reported. The report, which cited market sources, said that the UK bank is considering an offer of EUR 60 per share, a premium of more than 25% over its current price of EUR 47, Thursday.
Meanwhile, sources from Banco Sabadell, quoted by the report, again denied rumours of a possible offer from that bank, which the report said could involve exchanging three shares for one.
Yesterday, Bankinter traded over 20% of its capital and shares went up for the seventh consecutive day, 11% up from the previous week, the report noted. Bankinter has a market cap of EUR 3.6bn.
Source: El Mundo
Value: GBP3,619m (market cap Bankinter
