US EditionBBVA and Sabadell Re-Listed After Government Approval of the OPA
7 Articles
7 Articles
The Council of Ministers has given approval to the operation, although it requires three years of separation between the two entities before being able to mergeThe Government approves the BBVA OPA by Sabadell but without merger between the banks for three years The National Securities Market Commission (CNMV) has allowed BBVA and Sabadell to re-listed on the Stock Exchange. At the end of the half day, the supervisory body had cautiously suspende…
The article has informed the National Securities Market Commission (CNMV) that this 'CoCo' would be convertible into regular shares of BBVA of new issue for a maximum amount of 1.5 billion euros, excluding the right of preferential subscription of the shareholders. "The concrete terms of the issue will be communicated by BBVA at the time when it is decided, where appropriate, to carry out its execution", the bank has concluded.
BBVA closed Tuesday's stock market session up 2.54%, to €13.115 per share, while Banco Sabadell limited its bullish sentiment to 0.45%, to €2.698 per share, on a day marked by the government's conditional approval of the Basque bank's hostile takeover bid for the Catalan bank. All this, moreover, occurred on a day in which trading in both banks was suspended at the request of the CNMV from 12:30 p.m. to 2:30 p.m., during which the Council of Min…
La Moncloa, Madrid, Tuesday, June 24, 2025The Executive has also authorized the merger operation of BBVA on the Sabadell Bank with the additional condition that, for three years, they maintain legal personality and separate assets and autonomy in the management.Reference of the Council of Ministers Institutional statement on the occasion of the National Day of LGTBI Pride (PDF)
We analyzed the uncertain future of the opa between BBVA and Sabadell after the intervention of the government. Read more Analysis of the opa between BBVA and Sabadell: perspectives and realities in Actualidad.es.
Following the approval of the Council of Ministers' opa with the requirement to maintain the management of the two differentiated entities, the markets treat the Basque bank slightly better
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