US EditionMore than 123,000 Clients of Bbva Have Opened with Banco Sabadell in the Last Year Despite the Uncertainty Due to the Failed Opa
7 Articles
7 Articles
Customer dancing is one of the most common side effects of bank mergers. The cost of gaining size usually results in a short-term loss of up to a tenth of the users, who go out in search of another entity both to avoid possible duplications in case they are related to both banks and because they want to cut the relationship and look for a new one. Although most of the exits usually occur at the time of integration, the noise generated in the pre…
The context of the OPA and the outcome The acquisition operation promoted by BBVA on Banco Sabadell aimed to strengthen the weight of the first in the Spanish banking system by integrating one of the entities with the highest roots in Catalonia. As documented by specialized chronicles, the offer reached just 25% of the support of the social capital of Sabadell, far away from the minimum required to prosper. This result has been qualified by Cata…
BBVA and Banco Sabadell have followed very divergent paths in the Stock Exchange after the failure of the public takeover bid (opa) of the first on the second. Six sessions later...
Banco Sabadell returns to the routine after the failure of BBVA’s OPA, after the Bilbao bank only achieved the acceptance of 25.47% of the voting shares, a percentage that does not reach 50% of the acceptance threshold, nor 30% that allowed it to launch a second operation of these characteristics. The president of the Catalan financial institution, Josep Oliu, has again conveyed his satisfaction and pride for the confidence of the shareholders a…
With his characteristic zest for life, Banco Sabadell Chairman Josep Oliu expressed his "great satisfaction" and "proud" of the confidence shown by his bank's shareholders following the failure of BBVA's takeover bid. "Now it's time to get back to business as usual," he said, expressing his satisfaction at having clarified the bank's future. Read more
The resounding failure of BBVA's takeover bid for Sabadell once again demonstrates that, no matter how hard you try to argue, the loser still exudes the scent of defeat, even if he perfumes himself with Channel 5, and the winner smells like victory, even if the spoilers are telling him so. Carlos Torres, BBVA's all-powerful factotum, is the most obvious example of the former. Despite having spent all his efforts arguing that his position in the …
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