Bbva Proposes a Restructuring of the Senior Officials of Sabadell if the Opa Succeeds

El Pais

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The taking of Sabadell by BBVA will have collateral effects on the staff of the Vallesano bank at all levels. According to the entity that presides Carlos Torres in the documentation sent to the National Securities Market Commission (CNMV), its intention is to carry out a restructuring of the Opposite Bank once the offer is substantiated. “BBVA plans to carry out a detailed review and analysis of the corporate structure of the Sabadell Group to …

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BBVA and Sabadell have cleared from their list of tasks any interference that may cross their path during the period of acceptance of the hostile opa, even though that...

elcorreogallego.es

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BBVA opens on Monday, September 8, the period of acceptance of its hostile takeover bid (OPA) on Banco Sabadell, after more than a year and a half since it announced its intention to take control of the Catalan entity. The movement marks a new chapter in the reconfiguration of the Spanish financial sector, after receiving the final approval of the National Securities Market Commission (CNMV) last Friday.

economiadigital.es

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The possible merger between BBVA and Banco Sabadell will have direct consequences for the employees of both entities. The intention of the bank led by Carlos Torres is to make adjustments in both templates, so it will make an assessment of the employment situation in the Catalan-born company. Read more: Oliu y Bueno (Sabadell) after reading BBVA’s brochure: “this opa doesn’t make much sense” In May 2024, BBVA announced a public offer of acquisit…