The Chairman of Spanish lender BBVA Carlos Torres on Monday said that one of the reasons behind its takeover bid of Sabadell was the smaller lender's significant market share in lending towards small and mid-sized companies which it vowed to uphold.
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?