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Sabadell, a Spanish lender, is resisting BBVA's hostile takeover bid. The chairman reiterates rejection reasons, warns the bid process could extend into 2025. Sabadell aims to dissuade retail shareholders from supporting the 12.23 billion euro bid. CEO rules out M&A defense strategy against BBVA, citing competition concerns and potential SME business carve-out.
Sabadell rules out M&A defence against BBVA bid, CEO says https://t.co/CNxetVwWQs https://t.co/AmUIq2Z4hY
🔵 SABADELL CEO RULES OUT M(and)A DEFENCE AGAINST BBVA BID Full Story → https://t.co/nItfro4Ogo Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover attempt, Chief Executive Officer Cesar… https://t.co/qfwhMo6Hce
⚠️ SABADELL CEO SAYS SPANISH BANK IS NOT PLANNING AN ACQUISITION TO DEFEND ITSELF AGAINST BBVA'S HOSTILE BID ** SABADELL'S CEO SAYS BBVA OFFER RAISES COMPETITION CONCERNS FOR SPAIN, PREDICTS THAT BBVA COULD BE FORCED TO CARVE OUT SABADELL'S SME BUSINESS **SPANISH COMPETITION…
