US EditionBBVA's Error Dynamites Its OPA: Sabadell Shareholders Will Pay Taxes if It Goes Ahead
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SANTANDER, 25 (EUROPA PRESS) Banco Sabadell believes that the possible fiscal impact of going to BBVA's OPA is a "point to take very into account" when making the decision, as it could reduce profitability to the decision. The managing director of the entity, César González-Bueno, moved this Wednesday, in [...] The entry Sabadell calls to "take very into account" the possible fiscal impact by going to BBVA's OPA appears first in Forbes Spain.
The CEO of Sabadell, César González-Bueno, has warned the shareholders of his bank this Wednesday that they will have to pay taxes if they come to the purchase offer (opa) of BBVA, contrary to what is usually usual in the case of the transactions that are articulated by an exchange of shares. After a consultation with the Ministry of Finance, he has specified, in this case the owners of the securities would have to pay because more than 10% of t…
The Association of Minority Shareholders of the Sabadell Bank today expressed its conviction that the takeover bid (OPA) launched by BBVA might not prosper and, in fact, end up being withdrawn. The reasons, according to the organization, are based on a combination of economic, fiscal and strategic factors that make the proposal clearly unfavourable to both shareholders and the economy as a whole.
BBVA's mistake will force Sabadell's shareholders to pay taxes if they come to the OPA and the OPA is successful, confirmed by the Treasury
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