US EditionTorres (Bbva) Reaffirms Its Intention to Take at Least 50% of Sabadell and Does Not Rule Out Improving the Offer
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The financial struggle that Banc Sabadell and BBVA have maintained over the past 16 months on account of the hostile opa presented by the bank of Biscay origin is weeks away from its end. The shareholders of the Catalan entity will have to decide from this Monday whether to buy the plan of Carlos Torres, president of BBVA, and give the green light to what would be one of the great transactions in the banking sector in Europe in recent years.
The president of the entity defends that the offer for the Vallesana entity "is today much more attractive than it was a year and a half ago". He trusts that the shareholders of Sabadell see the benefits of the offer and exceed the minimum threshold of acceptance of 50%. Read
Its president insists that the offer is "very attractive" for the shareholders of BBVA and Sabadell and "is what it is", but does not strongly reject a change.More information: BBVA limits to 410M the synergies when buying Sabadell under the control of the government and raises them to 900M after the merger
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