BBVA Sticks With Its Sabadell Takeover Bid Despite TSB Sale

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El Progreso de Lugo

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noticiasdealava.eus

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LaSexta

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BBVA continues with the public offer of acquisition (OPA) on the Sabadell Bank and hopes that the shareholders of the Catalan entity can decide in September if they accept their offer of purchase, which goes through the exchange of shares, as reported this Monday to the National Securities Markets Commission (CNMV). In this way, BBVA clears the doubt of the last few weeks if it finally withdrew its offer because it was not willing to improve it …

abc

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BBVA goes to the end with the opa on Banco Sabadell. Neither the sale of the British subsidiary TSB nor the macrodividend of 2.5 billion, all approved in the shareholders’ meeting of the Catalan entity a few days ago, have been able to knock down the operation. “Once analyzed the agreements adopted and considering the information available, BBVA has decided not to desist from the offer for this reason and, therefore, the same one remains in forc…

Eldiario.es

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He assures that "after analyzing the agreements adopted" by the Catalan bank keeps the offer "as planned", but does not clarify if it will increase the priceBBVA admits the risk of not reaching the "benefits" expected with the OPA on Sabadell after the sale of its British subsidiary The BBVA bank has decided to continue with the offer of purchase (OPA) by Banco Sabadell, although a few days ago it assumed its doubts about the operation, after th…

El Pais

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The entity of Carlos Torres expects to have the approval of the CNMV in early September

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After BBVA’s decision to go ahead with the opa on Sabadell Bank, the market pressure to improve its offer grows. The Basque-born entity said two weeks ago that it had no intention of doing so, but the truth is that the negative premium has been extended again, after Monday’s announcement, to 8.6%. If the opa materialized right now, Sabadell’s shareholders would lose money by comparing the value of their securities with those of BBVA and the cash…