Spain’s BBVA fails in its bid to take control of Banco Sabadell
Spanish bank BBVA’s €17bn hostile takeover attempt of smaller rival Banco Sabadell has collapsed, with the lender managing to secure just a quarter of its...
Banking
Spain’s BBVA raises its offer for smaller rival Banco Sabadell by 10%
Spanish banking giant BBVA on Monday sweetened its takeover bid for Banco Sabadell, hoping the improved terms will persuade shareholders of its smaller rival to...
Spain’s BBVA to start share offer for Banco Sabadell on Monday
Spanish banking giant BBVA said on Friday that its tender offer for domestic rival Banco Sabadell will open on Monday, after Spain’s market watchdog cleared...
Banco Sabadell’s shareholders approve sale of UK subsidiary TSB to Santander
Banco Sabadell shareholders unanimously backed the sale of its UK subsidiary TSB to Banco Santander at an extraordinary meeting on Wednesday. Analysts have said that...
Brussels takes legal action against Spain for obstructing BBVA’s takeover bid for Sabadell
The European Commission has formally challenged Spain over its actions to obstruct BBVA’s hostile takeover bid for rival Sabadell. On Thursday, a letter of formal...
BBVA to proceed with Sabadell takeover bid, despite government’s conditions
Spain’s BBVA said on Monday that it would be moving ahead with its hostile takeover bid for smaller rival Sabadell, despite the government effectively blocking...
Spanish government says BBVA must keep Sabadell separate for 3 years as takeover condition
Spain’s BBVA will be required to maintain Banco Sabadell and itself as separate entities for at least three years and safeguard existing jobs, according to...
Spain’s competition watchdog clears BBVA-Sabadell takeover, now subject to other approvals
Spain’s competition authority, the CNMC, has granted approval for BBVA’s proposed acquisition of Banco Sabadell, but only on condition that several commitments are met within...
Santander insists ‘UK is a core market’ amid reports that the bank might exit Britain
Banco Santander has insisted that the ‘UK is a core market’, amid reports that the bank is reviewing its presence in Britain, two decades after...
Spanish government seeks to block BBVA’s hostile bid for rival Sabadell
The Spanish Economy and Labour ministers said on Thursday that they opposed the hostile takeover bid launched by BBVA bank for its smaller rival Banco...
