The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
Seven banks are at the center of a probe by Mexico’s antitrust regulator COFECE looking into possible collusion to manipulate bond prices, U.S. news agency Bloomberg reported on Tuesday, citing a person with knowledge of the matter.
BBVA said on Tuesday it has agreed to carry out an issue of contingent preferred securities convertible into newly issued ordinary shares of BBVA, with exclusion of pre-emptive subscription rights for shareholders, for a nominal amount of 500 million euros.
Bankia said on Tuesday it had agreed to execute a reverse share split, increasing par value of shares from 0.25 euros per share to 1 euro, effective as of June 5.
Several Spanish banks, including state-owned Bankia, have shown interest in a potential merger with Banco Popular, as its new management considers options for how to cope with billions of euros in toxic assets.
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