Sabadell Chief Sees More Remedies for BBVA Deal Amid ‘Uproar’

Sabadell Chief Sees More Remedies for BBVA Deal Amid ‘Uproar’

Banco Sabadell SA Chief Executive Officer Cesar Gonzalez-Bueno said he expects more conditions will be imposed on a potential takeover of his company by rival BBVA SA, after Spain’s antitrust agency approved the offer with some remedies.

Catalan employers' associations, guilds and unions will attend the public consultation on the takeover bid opened by the Ministry of Economy

The CEO of Sabadell spoke at the press conference after the presentation of the results of the Catalan bank

The CEO of Banco Sabadell, César González-Bueno, believes that the OPA that BBVA wants to launch on the entity that leads should have “significant remedies” to mitigate the damage it could cause. At the analysts’ conference to present the results of the first quarter, and asked about the possibility that the public consultation opened by the government on the OPA will involve ‘remedies’, González-Bueno has pointed out that he does not know wheth…

Banco Sabadell CEO César González-Bueno has reiterated the bank's absolute rejection, "and that of the main players," of the takeover bid launched by BBVA more than a year ago during the presentation of the bank's first-quarter results. "Two things must be taken into consideration. If it is a desirable transaction and all the players consider whether or not it is positive for the Spanish economy, and secondly, if it reaches the shareholders, if …

MADRID, 8 (EUROPA PRESS) The CEO of Banco Sabadell, César González-Bueno, has advanced that the Catalan entity will participate in the public consultation launched by the government on the operation. "The Sabadell Bank will obviously answer the question that the government has asked. It will answer specifically of the elements of general interest [...] The entry Banco Sabadell will participate to the consultation of the government on the BBVA OP…