BBVA's Sabadell Takeover Bid Fails: Spanish Regulator

20minutos

Center

Factuality

Ownership

Investors begin to reveal their strategy in BBVA’s OPA on Banco Sabadell. Bestinver has admitted that she has not gone to the stock exchange, but chose to sell her securities before the deadline expired last Friday and invest that liquidity in BBVA. The manager of the Acciona group, which has been a shareholder of the Catalan entity in recent years, has chosen not to accept the offer with the aim of “avoiding risks and uncertainty.” From the com…

El Pais

Lean Left

Factuality

Ownership

A few days after the National Securities Market Commission (CNMV) reveals the outcome of BBVA’s hostile opa about Sabadell, the future begins to be clarified. Sabadell has published the strong rejection of its shareholders, which represent a large part of its retail base and 30% of the capital. This brings the Basque bank closer to achieving an acceptance of between 30% and 50% and increases the chances that it will have to launch a second offer…

Expansion

Factuality

Ownership

The hostile takeover bid (OPA) of the Spanish bank BBVA on its competitor and compatriot Sabadell , destined to create a giant of the banking sector in Europe , failed , announced Thursday night the Spanish stock market regulator, who advanced an announcement previewed on Friday. The OPA received a level of acceptance that represented 25.33% of the capital of Sabadell, so the offer "is no longer effective", specified in a statement the National …

El Plural

Factuality

Ownership

The President of the Generalitat (Catalan Government), Salvador Illa, believes that the outcome of BBVA's takeover bid for Banco Sabadell confirms the need for a banking system "adapted to the reality of Catalonia and its business fabric." In a note in X, he also highlighted the "exemplary role" of the regulatory bodies: the Bank of Spain, the CNMC, and the CNMV. "Now we must look forward. We are counting on the important role that BBVA and Banc…

deia.eus

Noticias de Navarra

View article

noticiasdegipuzkoa.eus

View article

+2 Reposted by 2 other sources

Factuality

Ownership

The failure of BBVA’s opa over Banco Sabadell has derailed the merger of two entities that would have resulted in the second bank per business in Spain, only behind Caixabank, but already ahead of Santander.