US EditionDavid Martinez Pronounces After the Failure of the Opa: "I Have Congratulated Sabadell for the Result After a Long and Hard Process"
6 Articles
6 Articles
David Martínez, the third largest shareholder of Banco Sabadell, with 3.8% of the capital, congratulates the Catalan bank after the failure of BBVA’s OPA, an operation that he publicly supported. “Although for reasons that I have made clear, I voted in favour of a different path, the majority of the shareholders supported the independent business plan (...). I congratulated the bank for the result after a lengthy and challenging process,” says t…
The first shareholder movements after the end of BBVA’s opa on Banco Sabadell begin to see the light. One of the most relevant has been the one registered by one of the funds of the manager BlackRock, the bank’s largest shareholder in aggregate form if all investment vehicles are taken into account under the umbrella of the firm. In particular, BlackRock has communicated to the National Securities Market Commission (CNMV) a reduction of its tota…
The starting scenario The public offer of acquisition launched by BBVA on Banco Sabadell was stalled: it only achieved a support of 25.47 % of the shareholders against the minimum required to overcome the transaction. According to the communiqué sent by the bank, at least 50 % of acceptance was necessary to give up the offer.The refusal of the owners of Sabadell and the perception that the premium offered was not attractive enough end the attemp…
David Martínez Guzmán, the Mexican shareholder and advisor to Banco Sabadell, is trying to rebuild the bridges with the board of the entity after his betrayal: he did not vote in favour of the report of this body that rejected the BBVA OPA and announced that he would go to the offer with his shares.This Monday, after BBVA's OPA failed to obtain only 25% acceptance, he sent a letter to the board of Sabadell to congratulate him on having rejected …
David Martínez, the first individual shareholder of Sabadell with 3.86% of the capital and who supported BBVA’s hostile offer, congratulated the Catalan entity for its victory in the opa, in what would be an attempt to close the tensions that arose in recent weeks with Sabadell. Read
It is not expected that the bank will convene a meeting just to throw out Martínez Guzmán; the logical thing is that he will sell his shares or resign of his own volition. More information: Three keys to Oliu's victory: good management, Catalan roots and nothing to lose.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
