Deal Details

€1.231 billion share offering and rights offer Banco de Sabadell SA, Bookrunning managers

Banco de Sabadell SA has raised at total of €1.231 billion through an institutional share offering and rights offer. Under its terms, Banco de Sabadell offered 46 million new ordinary shares at €14.75 per share to institutional investors in Europe and the US, and a four-for-one pre-emptive rights offering to existing shareholders of approximately 51 million new ordinary shares at €10.83 per share. Joint bookrunning managers to the offer were Citigroup Global Markets Ltd, JP Morgan Securities Ltd and UBS Ltd. Banco de Sabadell will use the proceeds from the transaction to finance its acquisition of Banco Atlantico.

Value: €1.231 billion
Closed: March 02 2004

Parties involved

Legal advisers

Banco de Sabadell SA
(Banks)
Issuer
Linklaters LLP - Frankfurt am Main
Raymond Fisher

Linklaters LLP - Madrid
Iñigo Berricano
Conrado Tenaglia
Pedro de Rojas

Roca Junyent SLP - Barcelona
Miquel Roca Junyent
Joan Roca Sagarra
Bookrunning managers
Freshfields Bruckhaus Deringer - Barcelona
Antoni Valverde

Freshfields Bruckhaus Deringer - Madrid
Monica McConville

Freshfields Bruckhaus Deringer LLP - London
Ken Martin

Ramón & Cajal - Madrid
Sebastián Albella Amigo
Pedro Ortiz de Zúñiga Echeverría