Competition authority proposes new commitments to BBVA in Sabadell takeover bid

BBVA again adjusts the exchange equation in the opa on Sabadell to the payment of the dividends of both entities, as it did last October, so that the resulting consideration remains the same as that initially offered to the shareholders of Sabadell. The entity that presides Carlos Torres has informed the stock market regulator that the new offer will pass on April 8 to be an ordinary share of new issue of BBVA and 0.70 euros in cash for every 5,…

It is assumed that the CNMC will approve the OPA with more or less harsh conditions and is about to see what the executive of Sánchez does, who will want content...

BBVA modifies its offer of exchange in the hostile opa about the Banc Sabadell. Read more BBVA adjusts its offer of exchange in the opa about Banc Sabadell in News.es.

BBVA has reported that it has adjusted the equation of exchange of the opa on the Sabadell Bank for the payment of dividend for the amount of 0,1244 euros per share that will be paid on Friday by the latter entity to the shareholders. In a relevant fact to the National Securities Market Commission (CNMV), BBVA has pointed out that as foreseen in the previous announcement of the Offer and as a consequence of the supplementary dividend to account …

Competition authority proposes new commitments to BBVA in Sabadell takeover bid

The Corner Link Securities | The Spanish National Commission on Markets and Competition (CNMC) board, which met last Monday, has asked BBVA to make new commitments in its takeover bid for Banco Sabadell, mainly in relation to the SME business and financial inclusion issues, according to Expansión newspaper. The CNMC has suggested that BBVA extend the deadlines for the proposed measures on the SME business. The regulator’s experts believe that an…

Related news Torres (BBVA) trusts "fully in the success" of the OPA on Sabadell The adjustment responds, in the first place, to the supplementary dividend of 0.1244 euros per share that Sabadell pays this Friday. As a consequence, the consideration offered by BBVA becomes an ordinary share of new issue and 0.29 euros in cash for every 5,3456 shares of Banco Sabadell. In addition, BBVA approved in its General Shareholders Meeting on 21 March a su…