US EditionBBVA Cuts Expected Savings From Sabadell Deal, Expansion Says
15 Articles
15 Articles
BBVA maintains that the synergies or estimated cost savings if the purchase of Banco Sabadell ends will reach 850 million initially planned, even if it takes longer to achieve them because of the government's ban on a merger of the two entities in at least the next three years.
BBVA Cuts Expected Savings From Sabadell Deal, Expansion Says
BBVA SA said the Spanish government’s intervention in its proposed takeover of Banco Sabadell SA will delay but not reduce the deal’s overall cost savings, underlining its determination to pursue a tender offer.
The last regulatory authorization that is missing for BBVA’s opa on Banco Sabadell to be launched comes at a critical moment. The Basque bank has forwarded the updated prospectus of the operation to the National Securities Market Commission (CNMV), as Efe has advanced and has confirmed ABC in financial sources. This is a key step in the offer so that the acceptance period can be opened; this document should already contemplate the intervention o…
The National Securities Market Commission (CNMV) hopes to have a first version of BBVA’s opa brochure on Banco Sabadell this week, so that it can be ready in July. According to the president, Carlos San Basilio, this is the “expected” scenario that they handle from the supervisor, although everything will depend on the times that the entity itself marks. In this sense, they foresee that it will be approved before the meeting of shareholders of t…
M&A cools down in Spain
The Spanish mergers and acquisitions market recorded a total of 1,488 transactions in the first half of 2025, including announced and completed deals, for an aggregate amount of €47.541 billion, according to data from TTR Data’s quarterly report. Although activity remains significant, the figures represent a 17% drop in the number of transactions and a 19% drop in their value compared to the same period in 2024. In a less dynamic context, the ro…
BBVA maintains that the synergies or cost savings from a potential acquisition of Banco Sabadell will reach the initially anticipated €850 million, although it will take longer to achieve them due to the government's ban on a merger between the two entities for at least the next three years.
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