Carlos Torres Dismisses a Second Opa for Sabadell if the Price “Is Not the Same”

El Pais

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With BBVA's opa on the Sabadell still to be decided and with all the possibilities open, the market elucbra with a hypothetical second offer of the Basque entity in the event that it does not achieve its objective to exceed 50% of the shareholding. In an interview granted to EFE spread this Friday, the president of BBVA, Carlos Torres, is “absolutely convinced” that the opa on the Bank Sabadell will triumph and exceed 50% of the capital, so it w…

Eldiario.es

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Carlos Torres is "absolutely convinced" that the OPA will succeed and exceed 50% of the capital of Banco Sabadell, and says he has the "generalized" support of the big shareholders

economiadigital.es

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The financial battle between BBVA and Banco Sabadell has entered a new phase, and of a psychological nature. Days after the bank that presides Carlos Torres has raised its offer of exchange by 10% and that the market has taken for granted that the operation will seduce more than 30% of the shareholders but less than 50%, the Basque entity is hastening to explain that we don’t have to give a second opa for sure. “That supposed second opa is very …

Business Insider (Spain)

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The president of BBVA, Carlos Torres Vila, was convinced that if the bank will reach 50% of the capital of Banco Sabadell in the opa, the threshold to which the operation is conditioned at the moment. and ruled out modifying that condition In an interview granted to the EFE Agency, Torres defended that it will not give up that condition and, therefore, BBVA will not launch a second opa in cash as would happen in the event that it exceeds 30% of …

lacronicabadajoz.com

elcorreogallego.es

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elconciso.es

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+2 Reposted by 2 other sources

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BBVA's president, Carlos Torres, is "absolutely convinced" that the deal over Sabadell Bank will triumph and exceed 50% of the capital, so it will not be necessary to go to a second transaction in which, in any case, the bank "never" would offer a higher price.

El Món

Factuality

Ownership

BBVA president Carlos Torres assures that the fair price for Sabadell's second takeover bid will not be higher than the current one and is confident of reaching 50% acceptance.