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González-Bueno (Sabadell): "if Bbva's Offer Was Already Insufficient, Now without Tsb It Is More"

Summary by 20minutos
The CEO of Banco Sabadell, César González-Bueno, has defended that the sale of TSB, its British subsidiary, is carried out independently of BBVA's opa on the Catalan group and not to torpedo the purchase. In this sense, the director has defended that if the price offered by its 'opado' to take over the bank before was "insufficient", now "it is much more so, since the negative premium has increased". The titles of the Vallesana firm go back 4.5%…

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The CEO of Banco Sabadell, César González-Bueno, has defended that the sale of TSB, its British subsidiary, is carried out independently of BBVA's opa on the Catalan group and not to torpedo the purchase. In this sense, the director has defended that if the price offered by its 'opado' to take over the bank before was "insufficient", now "it is much more so, since the negative premium has increased". The titles of the Vallesana firm go back 4.5%…

·Madrid, Spain
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The CEO of Sabadell, César González-Bueno, defends that the operation is independent of the siege of the Basque bank

The CEO of Banco Sabadell, César González-Bueno, has warned the shareholders of the entity that, if they go to the BBVA OPA, they will not charge in macrodividend of 2.5 billion (€0.50 per share) of the sale of the British TSB to Santander. Likewise, he has assured that, even if the offer is successful, BBVA will not be able to knock down the sale of the TSB or the aforementioned dividend of the Sabadell, provided that they are approved by the s…

César González-Bueno, CEO of Sabadell, says that the agreed sale of his subsidiary in the United Kingdom, TSB, to Santander, is a decision taken independently of the opa launched by BBVA, and maintains that, if before the price offered by the second largest Spanish bank was "insufficient", now it is "one more pco". The sale of the TSB "is good for shareholders, allows us to focus on Spain", González-Bueno said at a press conference held this mor…

The dome of BBVA faces a month of July very intense. The teams dedicated to the opa work against the clock to redo the brochure that they presented to the CNMV months ago and that...

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Expansión broke the news in on Tuesday, July 1, 2025.
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