Spain's Sabadell has postponed the completion of the sale of its retailers' payments business to Nexi after becoming the target of a hostile takeover by BBVA , two sources with knowledge of the matter said.
Spain's BBVA asked the European Central Bank on Tuesday to authorize its more than 12 billion euro ($13 billion) hostile bid for Sabadell , a source close to BBVA said.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Bilbao (BBVA) have what it takes?
Spanish bank BBVA's shareholders will vote on July 5 on whether to approve a share issue to fund its 12 billion euro ($13 billion) hostile takeover bid for smaller rival Banco Sabadell.
Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover attempt, Chief Executive Officer Cesar Gonzalez-Bueno told Reuters.
Spanish lender Sabadell has kicked off the process of trying to persuade retail shareholders not to back BBVA's 12.23 billion euro ($13.3 billion) hostile takeover attempt, telling them they may have until 2025 before needing to decide.
Spanish bank BBVA on Friday asked stock market supervisor CNMV to authorise its 12.23-billion-euro ($13.29 billion) hostile takeover offer for smaller rival Sabadell , a potential tie-up of lenders that Madrid opposes.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Banco Bilbao (BBVA) have what it takes?