BBVA
BBVA's takeover bid for Banco Sabadell fails with only 25% acceptance
Carmen González Image generated by AI
BBVA's hostile takeover bid (OPA) to absorb Banco Sabadell has failed after 17 months, securing only about 25% acceptance of the capital, below the 30% minimum threshold set. This marks the second failure for BBVA president Carlos Torres, following an unsuccessful attempt in 2020. Rejection from shareholders, regulators, and the Spanish government has shaped the outcome of this banking battle.
Sabadell loses 1.1 billion in stock market after BBVA takeover failure
After the failure of BBVA's takeover bid (OPA) on Banco Sabadell, Sabadell shares fell 6.78% on Friday, losing over 1.1 billion euros in market value. In contrast, BBVA shares rose 5.9%, recovering 5.475 billion euros. The market rewarded BBVA for removing capital risks and announcing historic dividends.