Jan 17, 03:25 PM

BBVA Claims Majority Synergies in Sabadell Bid; Sabadell Responds with 24% Dividend Increase Amid CaixaBank's €5.67 Buyback

BBVA has informed the SEC that it would achieve 'the majority' of synergies even in a takeover bid for Banco Sabadell that does not involve a merger. In response, Banco Sabadell has announced a potential increase of up to 24% in dividends as a countermeasure against BBVA's bid. Meanwhile, CaixaBank has reported that it has executed over 61% of its share buyback program, acquiring 4.1 million shares at an average price of €5.67. Additionally, the March family has filed with the National Securities Market Commission regarding a takeover bid for Corporación Financiera Alba, backed by BBVA, amounting to €257 million. RBC has suggested that BBVA's offer for Sabadell is likely to proceed with a 10% increase in the bid.

#BBVA #SEC #Banco Sabadell #CaixaBank #March #National Securities Market Commission #Corporación Financiera Alba #RBC #Sabadell

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BBVA Claims Majority Synergies in Sabadell Bid; Sabadell Responds with 24% Dividend Increase Amid CaixaBank's €5.67 Buyback

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