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BBVA To Continue Takeover Bid For Sabadell Despite Sale Of TSB - Data Intelligence
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7 Articles
Next Wednesday, July 9, it is 14 months since BBVA surprised the market with a hostile opa over Banco Sabadell. A rudder strike that came after the Catalan entity’s board of directors rejected the proposal for a friendly merger. Since then, the argumental thread has revolved around the growth potential that they present as a solo project and their ability to generate excess capital with which to remunerate shareholders. The team led by Josep Oli…
He believes that it would reduce the gap between his stock valuation and that of entities such as CaixaBank or Bankinter MADRID, 6 (EUROPA PRESS) Banco Sabadell justifies the sale of its British subsidiary TSB to Santander for £2,650 million (3,100 million) for the "complexity" of operating mainly in two "different" geographic markets, Spain and [...] The entry Sabadell justifies the sale of TSB for the "very few synergies" to operate in Spain a…
BBVA To Continue Takeover Bid For Sabadell Despite Sale Of TSB - Data Intelligence
BBVA is reportedly continuing its effort to take over Banco Sabadell, even after Sabadell decided this week to sell its U.K. unit, TSB. Having determined that the move does not affect its own deal, BBVA could make a tender offer to Sabadell’s shareholders within weeks, Bloomberg reported Friday (July 4). At the same time, BBVA has not made a final decision and could walk away from any deal, according to the report. Analysts viewed Sabadell’s mo…
This week the Parliament of Catalonia has again approved a motion against the opa launched by BBVA on the Sabadell. The second one asking the government of Pedro Sánchez to leave it. Unlike the previous one, in this case the socialists of President Salvador Illa did not support the motion and abstained, arguing that the Spanish executive cannot do such a thing.
The president and CEO of the Catalan bank are embroidering their strategy to remain independent in the face of an offer to buy ...
JP Morgan breaks into Sabadell’s capital in the hostile opa of BBVA. The American bank, which advises the purchasing entity in the operation on Sabadell, declared this...
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