Sabadell’s Stock Market Acceleration After Its Macrodividend Raises the Pressure on Bbva to Improve the Opa

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The $2.5 billion macrodividend announced by Sabadell, charged with the sale of its British subsidiary TSB, has shot the Catalan bank on the Stock Exchange and, at the same time, has brought to its highest level the difference with the offer of BBVA, 10% in favor of the value of the Vallesana entity. If the promised dividend of Sabadell adds the uncertainty that the government has added to the execution of the opa —including a condition that obli…