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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.
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.
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 ...
The European Commission (EC) has taken legal steps against Spain, challenging its decision to block the BBVA and Banco Sabadell merger. According to the EC, Spain's actions contravene ...
The Spanish bank outlined plans to deliver higher profits and step up shareholder returns in the coming years.
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 ...
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 ...
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.
Reuters FILE PHOTO: A man walks past a branch of the BBVA bank, with a poster referring to the Spanish lender's takeover bid for smaller rival Sabadell, in Bilbao, Spain, March 24, 2025.
BBVA Seeks To Explore Possible Merger With Sabadell; Stock Down April 30, 2024 — 02:48 pm EDT Written by RTTNews.com for RTTNews -> ...
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 ...
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