Sabadell’s Shareholders Face an Uncertain Scenario Following the Sale of Tsb
3 Articles
3 Articles
One year and three months after BBVA began the long process of acquiring Sabadell with an offer valued at 12 billion, the operation continues to expand. In its execution, scenarios continue to be fulfilled that initially seemed unlikely, such as the recent sale, by Sabadell, of its British subsidiary TSB to Banco Santander for an amount of 3 billion. Of these, 2,500 will go to the shareholders, who, ultimately, must decide with their vote if the…
After approving the sale of TSB and an extraordinary dividend of 2.5 billion this week, the evolution of the bid premium and the BBVA steps towards the offer mark the immediate future
Following the Extraordinary Shareholders’ Meeting of Banco Sabadell held on August 6, where shareholders unanimously approved the sale of its British subsidiary TSB to Banco Santander, on August 7, BBVA also wanted to have the last word on how this operation affects in the interest of the OPA. In this context, the financial institution BBVA reviewed the risks of the public offer of acquisition launched on Banco Sabadell. However, within this rev…
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