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Banco de Sabadell, S.A. (SAB.MC)
- Reuters
UPDATE 3-BBVA, Sabadell to explore possible merger
Spanish lender BBVA and smaller rival Sabadell said on Tuesday that they had started negotiations to explore a possible merger, triggering a rise of more than 7% in Sabadell's shares. BBVA said it had conveyed to the chair of the board of directors of Banco Sabadell the interest of BBVA's board of directors "in initiating negotiations to explore a potential merger transaction between the two entities". Sabadell confirmed that it had received an indicative written proposal from BBVA for a merger on Tuesday afternoon.
- GuruFocus.com
Banco de Sabadell SA's Dividend Analysis
Banco de Sabadell SA (BNDSF) recently announced a dividend of $0.03 per share, payable on 2024-04-18, with the ex-dividend date set for 2024-04-16. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Banco de Sabadell SA's dividend performance and assess its sustainability.
- Reuters
Sabadell feels no pressure from British M&A activity to sell TSB
Sabadell is under no pressure to sell its British TSB business, the Spanish bank's chief executive Cesar Gonzalez Bueno said on Tuesday, despite recent UK sector consolidation. Nationwide Building Society agreed in March to buy Virgin Money UK in a potential 2.9 billion pound ($3.7 billion) all-cash deal to create Britain's second-largest savings and mortgage provider. "The commitment to TSB is indefinite, so we have nothing on the horizon," Gonzalez Bueno said, adding that the market sentiment towards banks in Britain had turned more positive.
