US EditionBBVA Decides to Proceed with Sabadell Takeover Bid Despite Conditions
37 Articles
37 Articles
BBVA has communicated its decision not to desist from the opa on Banco Sabadell after analyzing the conditions that the government set for the operation last week. According to the Basque bank of origin has communicated to the National Securities Market Commission (CNMV), "the same one remains in force according to the provisions of the applicable regulations". In its brief statement, the bank captained by Carlos Torres and Onur Genç assures tha…
The bank has told the CNMV that "it has decided not to give up the offer" and its president, Carlos Torres, assures that "the project creates enormous value for the shareholders of both entities"Santander offers Sabadell 2,686 million for its British subsidiary TSB BBVA goes for all and has decided to maintain the OPA (public takeover offer) on Sabadell despite the conditions of the government, which prevent the merger in three or five years alt…
BBVA decides to go ahead with the opa on Banco Sabadell despite the government's intervention that prohibits it from merging the Catalan entity for at least three years.This is what the Basque entity has communicated, which refuses to desist from the operation despite recognizing that the executive veto on the union will affect synergies.The Basque bank states that "the project creates enormous value for the shareholders of both entities and rep…
BBVA maintains the opa hostile to Sabadell. The board of directors, meeting this Monday, has agreed to proceed with the transaction that would give rise to the second largest bank in Spain. “Once analyzed this agreement, BBVA has decided not to desist from the offer, and therefore, the same one remains in force according to the applicable regulations,” the entity has reported in a relevant fact forwarded this Monday to the National Securities Ma…
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