The larger bank said it still believed the transaction created value for shareholders of both entities even though Madrid’s conditions would delay the implementation of synergies.

Spain's BBVA said on Thursday it was revising expected cost and funding synergies from its takeover bid for Sabadell , citing ...

BBVA aims for higher profits and capital distribution over the next four years based on underlying loan growth in its main ...

The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s freedoms of establishment and capital movements.

Shares in BBVA traded 3% higher while Sabadell’s were up 0.5% in afternoon exchanges after a brief suspension by Spain’s market regulator pending the publication of significant news.

The new bid would be carried out under the same conditions as the merger proposal rejected by Sabadell’s board of directors — an exchange of one new BBVA share for every 4.83 Sabadell shares ...

BBVA takes merger proposal to Banco de Sabadell shareholders after rebuff May 09, 2024 10:34 AM ET Banco de Sabadell, S.A. (BNDSF) Stock, BNDSY Stock, BBVA Stock By: Liz Kiesche, SA News Editor 1 ...

While this merger seems to make sense from a business perspective and the valuation is quite attractive to Sabadell shareholders, given that BBVA is offering a significant premium and a multiple ...

FILE PHOTO: Sabadell bank's Executive Chairman Josep Oliu delivers a speech during the annual shareholder meeting in Alicante, Spain, April 19, 2018. REUTERS/Heino Kalis/File Photo By Jesús Aguado ...

BBVA has offered an exchange ratio of one newly-issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices that valued Sabadell at 12.23 billion euros.

Sabadell’s mission of self-help is paying off, and last week’s strong second-quarter results appeared a good defense against the bid it rejected in May. But BBVA turned in even better earnings ...

Send a tip to our reporters Site feedback: Take our Survey By Jorge Zuloaga June 17, 2024 at 8:53 AM EDT Updated on June 17, 2024 at 11:51 AM EDT ...