US EditionGonzález-Bueno (Sabadell) on the Opa: "The Operation Itself Does Not Make Sense. BBVA Will Have to See if It Compensates"
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The CEO of Banco Sabadell, César González-Bueno, reiterated this Wednesday his direct rejection of the public offer of acquisition (OPA) launched by BBVA. During his intervention at the XLII Seminar on Economics organized in Santander by the Association of Economic Information Journalists (APIE) and the Menéndez Pelayo International University (UIMP), the director has assured that the operation, now conditioned by the government, “does not make …
The CEO of Banco Sabadell, César González-Bueno, has pointed out that the odds of the hostile opa launched by BBVA to take over the entity that leads "have been reduced", in view of the "change of registration" of the directors of the offeror and also the opinions of the market. "It seems to me that there has been a change of record in the way in which this question is answered", said the leader of the Catalan entity when asked about the chances…
The banker considers that there are 100 million synergies calculated by the Basque-born entity that have already been reduced to zero. More information: The government justifies the blocking of BBVA’s opa in that the Caixa-Bankia merger was negative for SME credit and employment
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