US EditionRBC: "BBVA Should Abandon the OPA on Sabadell and Announce a Big Stock Buyback"
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It is the market vision of the analysts of RBC Capital Markets, after knowing "the most stringent conditions" imposed by the Spanish government to authorize the operation. "The most important condition is that BBVA must maintain two separate legal entities for at least 3 years, a period that could be extended to a total of 5 years if the government so decides", these experts point out. They also stress that "the autonomy of Sabadell management m…
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