International Companies

BBVA makes hostile takeover bid for Banco Sabadell

By Benjamin Chiou

Date: Thursday 09 May 2024

(Sharecast News) - Spanish banking group BBVA has proposed a hostile takeover of smaller peer Banco Sabadell, taking its €12.2bn offer directly to shareholders after the latter's board rejected an approach earlier this week.
The deal represents a 30% premium to the closing price of Banco Sabadell as of 29 April...

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