Spain's BBVA announces a $13 billion hostile takeover bid for Sabadell

Raymondngiancola09 May, 2024News

BBVA's choice follows Sabadell's board on Monday saying the spontaneous proposition fundamentally underestimated the bank's true capacity and development possibilities. The board emphasized that position Thursday. "We present to the investors of Banco Sabadell a very appealing proposal to make a save money with more prominent scope in quite possibly of our most significant market," said Carlos Torres Vila, Chief Director of BBVA.