News

Brussels gives Spain legal warning for blocking BBVA-Sabadell bank merger
The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco Sabadell, a deal that would create one of the region’s largest lenders.
EU Warns Spain Over BBVA-Sabadell Merger Intervention
The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s freedoms of establishment and capital movements.
GlobalData on MSN14d
European Commission challenges Spain’s BBVA-Sabadell merger block
According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking consolidation efforts.
Reuters1y
Spain's BBVA takes aim again at $10 bln Sabadell | Reuters
BBVA said on Tuesday it had approached Sabadell about a possible merger, a deal which would create a Spanish bank with assets of nearly 1 trillion euros ($1.07 trillion) and a market value close ...
Spanish Bank BBVA’s Shares Climb on Upbeat Midterm Targets, Payouts
The Spanish bank outlined plans to deliver higher profits and step up shareholder returns in the coming years.
Investing15d
BBVA-Sabadell merger block prompts EU legal action against Spain
This legal challenge follows Spain’s recent imposition of strict conditions on BBVA’s proposed takeover of its smaller competitor Sabadell. Last month, the Spanish government said it would only ...
Wall Street Journal1y
Spain’s BBVA Seeks Merger Talks With Sabadell - WSJ
Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell SAB -1.13%, seeking another shot at a tie-up that could make it Spain’s largest bank after a previous ...
Morningstar1y
Spain's BBVA Sets Out Merger Terms With Rival Sabadell — Update
Now, BBVA said it would offer one newly issued share for every 4.83 Sabadell shares, an exchange ratio representing a 30% premium over the closing prices of BBVA and Sabadell on April 29.
Digital Journal1y
Spanish bank BBVA goes hostile in Sabadell takeover bid
The new bid would be carried out under the same conditions as the merger proposal rejected by Sabadell’s board of directors — an exchange of one new BBVA share for every 4.83 Sabadell shares ...
Nasdaq1y
BBVA Seeks To Explore Possible Merger With Sabadell; Stock Down
BBVA Seeks To Explore Possible Merger With Sabadell; Stock Down April 30, 2024 — 02:48 pm EDT Written by RTTNews.com for RTTNews -> ...
Bloomberg L.P.1y
BBVA’s Bid Still Better Than Sabadell’s Self-Help - Bloomberg
Sabadell’s mission of self-help is paying off, and last week’s strong second-quarter results appeared a good defense against the bid it rejected in May. But BBVA turned in even better earnings ...