US EditionBBVA Sabadell Takeover Moves Forward With €17.4B Bid - USA Herald
6 Articles
6 Articles
The president of Banco Sabadell, Josep Oliu, considers that the offer that BBVA makes to its shareholders is "poor", which is loaded with "unrealistic" hypotheses and even values it "worst than the one that already rejected the council (the Sabadell)" in May 2024 when the opa was launched, while arguing that it "undervalued the solo project" of the Catalan bank.The Catalan entity has thus reacted this Friday in a statement to the pamphlet author…
BBVA Sabadell Takeover Moves Forward With €17.4B Bid - USA Herald
Spain’s banking giant BBVA is charging ahead with its high-stakes play for Banco Sabadell, unveiling a €17.4 billion ($20.4 billion) hostile takeover bid set to formally launch Monday. The move escalates one of Europe’s most closely watched financial battles, with Sabadell’s leadership already blasting the offer as undervaluing the bank’s future. The bid follows months BBVA Sabadell takeover advances with €17.4B hostile bid as Sabadell leadership
The president of the Banc Sabadell, Josep Oliu, flatly rejects the offer proposed by BBVA in the brochure presented to the CNMV. The offer “is even worse than the one already valued and rejected by the board of directors in May 2024, because it underestimated the solo project of sample entity”, Oliu points out flatly in a statement issued this afternoon by the bank. Continue reading...
The president of Banco Sabadell, Josep Oliu, has assured that the offer of BBVA "is even worse than that already valued and rejected by the board of directors in May 2024, because it underestimated the solo project of our entity."As explained by the director, Banco Sabadell has been more valued and has paid more to its shareholders than BBVA in the last 16 months, while the proposal remains a stock of BBVA plus 70 cents in cash for every 5,5483 …
The president and CEO of the Catalan entity qualify BBVA’s offer as “poor and charged with unrealistic assumptions”
César González-Bien assures that in a first reading of the proposal "they have found even more deficiencies and omissions in numbers and hypotheses than in the previous version". Read
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