VOL. XLVII

No 03

19-January-2004

REGIONAL BANKING

ABC Sells Banco AtlanticoTo Banco Sabadell

Bahrain based Arab Banking Corporation (ABC) announced that an agreement was signed on 21 December 2003 to sell its 68% interest in Spains Banco Atlantico to Banco Sabadell. The transaction values Banco Atlanticos equity at 1.5bn. Following a review of bids from several European banks, ABC decided to accept the offer from Sabadell, Spains fourth largest bank, as the most favorable in price and other...