Banco Sabadell's chairman has raised concerns that banking mergers could harm consumers by creating oligopolies. Sabadell is reportedly interested in acquiring Unicaja following fair value adjustments in Unicaja's bond book, which decreased to €600 million. However, Spanish law requires Sabadell to wait until BBVA's offer concludes. Meanwhile, BBVA has adjusted its offer for Sabadell, resulting in an additional 8 basis points impact on its capital ratio.
BBVA sees an additional 8 bps impact on capital ratio after adjusted offer for Sabadell. Our story here: https://t.co/Qqva03xCb6
Orange's Spanish unit hires BNP Paribas to sell fibre network stake, @elconfidencial says. Our story here: https://t.co/LOufGGTIoW
BBVA sees an additional 8 bps impact on capital after adjusted offer for Sabadell https://t.co/tRQU1QiU9O https://t.co/JAZ03qz8lz