Mergers and Acquisitions
BBVA's takeover bid for Banco Sabadell fails with only 25% acceptance
Ti AI ṣe iroyin Àwòrán tí AI ṣe
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.
Vodacom earned R68 million in profit from its Maziv stake in the first four months after the deal closed. The company paid R12.642 billion for a 30 percent share in the fibre operator that combines Vumatel and Dark Fibre Africa.
Ti AI ṣe iroyin
Egypt completed eight mergers and acquisitions deals valued at $22 million during the first quarter of 2026, according to a new report from Ansarada.