Sabadell counters BBVA takeover bid with record profits and "3.3 billion" shareholder payout plan
Banco Sabadell announced record 2024 profits of "1.827 billion", a 37% increase, and plans to distribute "3.3 billion" to shareholders by 2025 to counter BBVA's takeover bid; the final decision is expected in June.
Sabadell counters BBVA takeover bid with record profits and "3.3 billion" shareholder payout plan
Banco Sabadell announced record 2024 profits of "1.827 billion", a 37% increase, and plans to distribute "3.3 billion" to shareholders by 2025 to counter BBVA's takeover bid; the final decision is expected in June.
Progress
60% Bias Score
Sabadell to Return HQ to Catalonia Amid BBVA Takeover
Banco Sabadell plans to return its headquarters to Catalonia on October 25th, 2023, reversing a 2017 move to Alicante due to political instability, amidst a hostile takeover bid by BBVA and following similar moves by four other companies.
Sabadell to Return HQ to Catalonia Amid BBVA Takeover
Banco Sabadell plans to return its headquarters to Catalonia on October 25th, 2023, reversing a 2017 move to Alicante due to political instability, amidst a hostile takeover bid by BBVA and following similar moves by four other companies.
Progress
44% Bias Score
Sabadell Returns to Catalonia Amidst Political Deal
Banco Sabadell announced its return to Catalonia from Alicante, reversing a 2017 move prompted by the region's independence push, as part of a political deal to restore normalcy in the region, with uncertain future implications for Alicante.
Sabadell Returns to Catalonia Amidst Political Deal
Banco Sabadell announced its return to Catalonia from Alicante, reversing a 2017 move prompted by the region's independence push, as part of a political deal to restore normalcy in the region, with uncertain future implications for Alicante.
Progress
40% Bias Score
BBVA Seeks CNMC Approval for Sabadell Takeover, Enhancing Remedies to Address Competition Concerns
BBVA is attempting to secure approval from Spain's CNMC for its hostile takeover of Banco Sabadell by enhancing its proposed remedies addressing competition concerns, especially regarding SMEs, after the initial proposal was deemed insufficient in the first phase of the review process.
BBVA Seeks CNMC Approval for Sabadell Takeover, Enhancing Remedies to Address Competition Concerns
BBVA is attempting to secure approval from Spain's CNMC for its hostile takeover of Banco Sabadell by enhancing its proposed remedies addressing competition concerns, especially regarding SMEs, after the initial proposal was deemed insufficient in the first phase of the review process.
Progress
32% Bias Score
Banco Sabadell Returns Headquarters to Catalonia
Banco Sabadell, led by Chairman Josep Oliu, is returning its headquarters from Alicante to Catalonia in response to a failed hostile takeover bid by BBVA and improved political stability following recent regional elections; this move is intended to encourage other businesses to return to Catalonia.
Banco Sabadell Returns Headquarters to Catalonia
Banco Sabadell, led by Chairman Josep Oliu, is returning its headquarters from Alicante to Catalonia in response to a failed hostile takeover bid by BBVA and improved political stability following recent regional elections; this move is intended to encourage other businesses to return to Catalonia.
Progress
48% Bias Score
Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover
Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.
Sabadell's Return to Catalonia: Political Stakes High Amidst BBVA Takeover
Banco Sabadell, headquartered in Alicante since 2017, is considering returning to Catalonia, a move with significant political implications amid BBVA's takeover attempt and Spain's ongoing recovery from the 2017 independence crisis.
Progress
56% Bias Score
BBVA Lowers Sabadell Takeover Bid Threshold
BBVA lowered its acceptance threshold for its Banco Sabadell takeover bid from 50.01% to 49.27% of the capital, excluding treasury stock, after initially stating to the SEC that the bid wouldn't succeed without 50.01%, necessitating a filing amendment; this is permitted under Spanish law.
BBVA Lowers Sabadell Takeover Bid Threshold
BBVA lowered its acceptance threshold for its Banco Sabadell takeover bid from 50.01% to 49.27% of the capital, excluding treasury stock, after initially stating to the SEC that the bid wouldn't succeed without 50.01%, necessitating a filing amendment; this is permitted under Spanish law.
Progress
36% Bias Score
Cerberus Ordered to Pay Banco Sabadell €400 Million in Toxic Asset Dispute
A British court ruled that Cerberus must pay Banco Sabadell over €400 million for a 2019 toxic asset sale, resolving a dispute over property registration and impacting Sabadell's financial health.
Cerberus Ordered to Pay Banco Sabadell €400 Million in Toxic Asset Dispute
A British court ruled that Cerberus must pay Banco Sabadell over €400 million for a 2019 toxic asset sale, resolving a dispute over property registration and impacting Sabadell's financial health.
Progress
36% Bias Score