Sabadell Says Vast Majority of Its Clients Rejected BBVA Bid
25 Articles
25 Articles
The Catalan bank holds shares of clients and investors equivalent to 30% of the capital of the entity, but 97.2% of the shareholders avoid going to the offer of BBVAThe option of a second takeover of BBVA by Sabadell will bring the outcome of the operation to the first months of 2026 Banco Sabadell has reported on Tuesday that only 2.8% of the shareholders whose shares are deposited in the Catalan entity have gone to the takeover of BBVA, accord…
The acceptance of BBVA's opa only reaches 2.8% among the shares that are deposited in Sabadell Bank itself. This is what the Catalan entity has communicated in a relevant fact referred to the National Securities Market Commission (CNMV) "in order to promote transparency and avoid speculations in the market".El Sabadell has reported that 30.8% of the share capital is deposited in the bank itself. They are customers of the entity that are also sha…
Sabadell Says Vast Majority of Its Clients Rejected BBVA Bid
The overwhelming majority of Banco Sabadell SA’s customers who are also shareholders spurned BBVA SA’s $19 billion takeover bid, a result that will make it tougher for the larger lender to cross the 50% threshold.
Banco Sabadell already has data on the number of clients of the bank who have gone to BBVA’s OPA. According to the National Securities Market Commission (CNMV), they control 30.8% of the capital, of which they have only exchanged 1.1%. In other words, this supposes that they have accepted 2.8% of the minority who have relations with the Catalan group. For Sabadell this proportion complicates the objective of reaching 50.01% of the voting rights.…
The Sabadell Bank boasts a strong resistance from its shareholders to the hostile opa of BBVA. The entity has published this Tuesday before the National Securities Market Commission (CNMV), that the acceptances among the shareholders that have deposited their securities in the bank reach 1.1% of the capital. According to his vision, this complicates that the Basque entity reaches 50% of the capital in the opa. Continue reading
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