US EditionCarlos Torres: “Lowering 50% in Sabadell Is Not Impossible, but We Have No Intention”
6 Articles
6 Articles
Carlos Torres Vila (Madrid, 59) may be considered an expert in hostile opas. He worked in the Endesa that was the object of a bidding war by Gas Natural, E.On and Enel. And now he runs the big banking operation, the hostile offer on Sabadell Bank, the first in 40 years in banking in Spain. Having assumed the presidency of BBVA in 2019, by the hands of Francisco González, Torres faces in a month his great setback: that the shareholders of the Cat…
Josep Oliu, president of Banco Sabadell, believes that the probability of success of the takeover bid (OPA) of hostile character from BBVA to Banco Sabadell is "close to zero." As he said this Sunday, September 14, in an interview in which he assured that it is not a good time to sell the shares because "the bank has a project". "An investment banker told me that when an OPA is hostile and has no prémium, the probability of success is zero", he …
The president of Banco Sabadell, Josep Oliu, has insisted this Sunday on the low probability of BBVA's opa and has assured that the Basque bank believes that "it can convince the Catalans that at a bargain price it comes to account to sell" as "if they were fools". Read
The president of the Sabadell Bank, Josep Oliu, has replied to his counterpart in BBVA, Carlos Torres, that the probability of success of the opa is "low", "close to zero", because of its hostile character and the absence of a premium so that the shareholders of the Catalan entity can rent the operation. Thus he has reacted in an interview published in La Vanguardia this Sunday to the round of interviews of the Basque bank executive that were pu…
We explore the implications of BBVA's opa to Banc Sabadell and what the data reveal about its viability. Read more Analysis of the impact of BBVA's opa in Banc Sabadell and its implications in Actualidad.es.
Carlos Torres argues in an interview with ABC that Sabadell's offer remains attractive and points out that BBVA has no intention of improving it.
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