Participaciones preferentes serie c de la cam, ¿que pasará con ellas ahora?

Malas noticias:

Ya son accesibles las condiciones impuestas por Bruselas:

http://ec.europa.eu/competition/state_aid/cases/243405/243405_1344573_85_1.pdf

Valor de mercado cero de las preferentes

The treatment of hybrid capital
(44) Preference Shares have been issued by CAM for a total amount of EUR
1.31 billion and Banco CAM's subordinated debt amounts to EUR 548.94
million20. Those which remain outstanding are both held mainly by retail
investors ("Hybrid Securities"). Coupons on the Hybrid Securities are
paid quarterly or half-yearly, provided Banco CAM has enough
distributable profits.
(45) Coupon payments have been made since the Hybrid Securities were first
issued, including payments made up to 3Q11.
(46) Following Banco CAM's rescue by the BOS and in light of the Rescue
Measures, the Commission requested, in its Rescue Decision, to be
consulted prior to: a) further coupon payments and b) any buy-backs on
the Hybrid Securities.

As a result, on 24 February 2012, the Commission agreed to a buy-back of
a total amount of EUR 167.25 million of subordinated debt held by
institutional investors for a price over nominal of 75%.
(48) Banco CAM announced on 23 September 2011, through the National
Stock Market Commission ("CNMV"), that the coupon payment on the
Hybrid Securities due on 25 September 2011 would be suspended. Spain
has agreed to suspend any payment of coupons until the Commission has
decided on the restructuring aid to Banco CAM.
(49) Finally, as a consequence of the rescue of Banco CAM by BOS, CAM's
preference shares have a market value of 0.

(159) Following Banco CAM's rescue by the BOS and in light of the Rescue
Measures, the Commission requested, in its Rescue Decision, to be
consulted prior to: a) further coupon payments and b) any buy-backs on
the Hybrid Securities. As a result, on 24 February 2012, the Commission
agreed to a buy-back of a total amount of EUR 167.25 million of
subordinated debt held by institutional investors for a price over nominal
of 75%. Banco CAM announced on 23 September 2011 through the
CNMV that the coupon payment on the Hybrid Securities due on 25
September 2011 would be suspended. Spain has agreed to suspend any
payment of coupons until the Commission has decided on the restructuring
aid. Finally, as a consequence of the rescue of Banco CAM by BOS,
CAM's Preference Shares have a market value of 0. Therefore, burdensharing
has also been applied to the holders of the Hybrid Securities.

Y una que puede ser buena: Fusión total

Orderly liquidation of Banco CAM
(140) Under the terms of Sabadell's proposal, a full merger is foreseen which
will allow Banco Sabadell to establish itself among the top five biggest
banks in Spain. All banking activities of Banco CAM (the Business) will
be transferred to Banco Sabadell. As a consequence, following the
Disposal, Banco CAM will cease to exist. On that basis, the Commission
has no reason to doubt that Banco CAM is being liquidated in an orderly
manner

traducción google:

Liquidación ordenada del Banco CAM
(140) Bajo los términos de la propuesta de Sabadell, una fusión total se prevé que
permitirá al Banco Sabadell a establecerse entre los cinco más grandes arriba
los bancos en España. Todas las actividades bancarias del Banco CAM (el negocio) se
ser transferidos a Banco Sabadell. Como consecuencia, siguiendo el
Eliminación, Banco CAM dejará de existir. Sobre esa base, la Comisión
no tiene ninguna razón para dudar de que el Banco CAM está en proceso de liquidación en forma ordenada
manera

Solo entiendo esto
CAM's Preference Shares have a market value of 0

Estamos jodidos?

entonces es mejor no firmar y dejar esa orden de venta?? por lo que entiendo es al 100€ del nominal. Están intentando colarle algo raro?? quiero llamar al director esta misma mañana y aclararlo con el, que es lo mejor que se puede hacer? por cierto el ya ha cobrado cupón, entonces ese o de ex cupón a que se debe? que puedo hacer?

gracias de nuevo

Hola Paqui , que alegria verte por aqui , te sienta muy bien ese peinado ! ;)

Me acaba de dar un ataque de ansiedad, que van a hacer mis padres? Madre mía

no es mi deseo que a los accionistas del sabadell os vaya mal todo lo contrario quiero que os vaya muy bien entre otras cosas porque yo tambien soy participe del sabadell pero otra cosa es las tendencias y evoluciones del valor y la verdad es que pintan mal date cuenta que entran un 22% de acciones nuevas y el pastel es el mismo por lo tanto el trozo de pastel va a ser mas pequeño para cada uno siento que sea esa la realidad y ojala que oliu saque un pastel de la chistera mas grande

Si , he puesto un angel en el avatar a ver si me da suerte, pero he entrado y por casi muero del susto.

Tu como vas?