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The board of Spanish bank Sabadell rejected BBVA's takeover proposal as the impact on the capital ratio of the combined entity was likely to be higher than estimated by BBVA, CEO Cesar Gonzalez-Bueno
Banco de Sabadell is temporarily suspending its share buyback program at the Spanish market regulator's request following Banco Bilbao Vizcaya Argentaria's hostile takeover approach.
Sabadell accused BBVA of breaching Spanish laws governing tender offers with its hostile takeover bid. On Thursday, BBVA took an €11.5 billion ($12.4 billion) bid for Sabadell directly to shareho

BBVA Makes $12 Billion Hostile Bid for Sabadell

06:08am, Thursday, 09'th May 2024
BBVA made an €11.5 billion ($12.4 billion) hostile bid for Sabadell, days after an initial approach was rejected by the smaller rival's board. The Spanish government opposes the deal.
Spain's government opposes BBVA's hostile takeover bid for its smaller rival Sabadell , its Economy Minister Carlos Cuerpo said on Thursday.

BBVA Makes Hostile Bid for Sabadell

02:38am, Thursday, 09'th May 2024
The Spanish lender's all-share offer values its smaller rival at around $12 billion and comes after an initial approach on the same terms was rejected.
Spain's BBVA on Thursday presented a takeover offer to buy its smaller rival Sabadell under the same terms announced last week.
Spain's Banco Bilbao Vizcaya Argentaria got the cold shoulder in its attempt to revive a merger with smaller rival Banco de Sabadell. While some analysts still think a deal is possible, a friendly app
TSB, the UK banking arm of Spain's Sabadell , is seeking 250 job cuts and 36 branch closures, a spokesperson for the bank and employee union Unite said on Wednesday, as the lender accelerates a restru
Shares in Spanish bank BBVA rose as much as 1.9% on Tuesday morning after Sabadell rejected what it described as an unsolicited takeover proposal from BBVA.
The board of Spain's Banco Sabadell on Monday rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, Sabadell said in a statement to the Spanish stock
Spanish bank Sabadell's board will meet on Monday to discuss an all-share offer from bigger rival BBVA that was worth around 12 billion euros ($12.9 billion) when it was announced last week, newspaper
Shares in Spanish bank Sabadell rose around 5% on Thursday, adding to gains since bigger rival BBVA announced a merger proposal this week, but still far off the premium offered as the market assessed

Spain's BBVA submits merger offer for Sabadell

06:34am, Wednesday, 01'st May 2024
Spain's BBVA on Wednesday said it had submitted an indicative proposal of a merger transaction with Sabadell SABE.MC, creating a lender with over 1 trillion euros in total assets.
Banco Bilbao Vizcaya Argentaria (BBVA) has told Banco Sabadell that it's interested in exploring an acquisition. A combination would create a Spanish banking behemoth to rival the country's largest l
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