Banco de Sabadell SA (BDSB.MU)
- Bloomberg
Sabadell Investor Martinez Supports BBVA’s Hostile Takeover Bid
(Bloomberg) -- Banco de Sabadell SA’s second-largest investor supports the hostile takeover proposal made by rival Banco Bilbao Vizcaya Argentaria SA, giving a boost to a bid that could transform Spanish banking. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump Over Biden on Economy. This Data Shows WhyA 25-Year-Old
- Bloomberg
ECB Open to BBVA-Sabadell Tie-Up, Easing Path to Potential Deal
(Bloomberg) -- The European Central Bank is supportive of a tie-up between Banco Bilbao Vizcaya Argentaria SA and Banco de Sabadell SA, potentially making necessary approvals easier if the deal comes to fruition.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyVoters Prefer Trump Over Biden on Economy. This Data Shows WhyA 25-Year-Old B
- Reuters
Sabadell rejected BBVA bid over capital impact, costs savings, CEO says
MADRID (Reuters) -Spain's Sabadell rejected BBVA's takeover offer because the bidder underestimated the deal's negative effect on capital reserves and overestimated cost savings, Sabadell's CEO said in his first public comments on the proposal. The capital ratio impact would be "significantly higher than the 30 basis points" foreseen by BBVA, Cesar Gonzalez-Bueno told a banking event a week after BBVA launched a hostile 12.23 billion euro ($13.1 billion) all-share takeover offer.
