Spain's BBVA Bank to Start Sabadell Offer Monday
47 Articles
47 Articles
OPA starts on Tuesday and ends on October 7th. BBVA remains opposed to paying Saturday's shareholders, which criticises the value of the offer. "It's worse than 2024".
The stock market supervisor validates the mixed offer of securities and cash without requiring improvements in the price proposed by the entity presided over by Carlos Torres in his offer on the shares of the Catalan bank
The National Securities Market Commission (CNMV) has authorized BBVA’s opa on Sabadell Bank.
In the brochure BBVA estimates that it could close up to 300 offices, 10% of the network, and that it intends to make staff adjustments once it can merge the entities, although it does not need the size of the cut
The council of the regulatory body authorizes the last prospectus, consisting of a new issue of BBVA and 0.70 euros in cash for every 5,5483 shares of the Catalan entity: 'Enough'.
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