Tag #Banco Sabadell

Showing 37 to 48 of 49 results

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BBVA Adjusts Sabadell OPA Terms Following Dividend Payments

BBVA has twice adjusted its takeover bid (OPA) for Banco Sabadell, modifying both the share exchange ratio and cash payment to account for dividend distributions from both banks, resulting in a 700 million euro additional cash payment for BBVA.

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32% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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Sabadell Shareholders Reject BBVA Takeover Bid

Banco Sabadell's shareholder meeting in Sabadell, Spain, on Thursday showed strong local support against BBVA's takeover bid, with 1,000 attendees giving a standing ovation to Josep Oliu's speech. However, the final decision rests with over 200,000 shareholders and the CNMC's analysis.

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48% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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La Caixa Returns to Barcelona, Signaling End of Catalonia's Post-Referendum Exodus

La Caixa, a major financial institution, has returned its headquarters to Barcelona, marking a significant shift after leaving Catalonia during the 2017 independence referendum. This move signals a return to economic normalcy and stability in the region, countering previous claims of inevitable decl...

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60% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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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.

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48% Bias Score

Reduced Inequality
elpais.com
🌐 85% Global Worthiness
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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.

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44% Bias Score

Sustainable Cities and Communities
cincodias.elpais.com
🌐 75% Global Worthiness
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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.

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36% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
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BBVA's Sabadell Takeover Faces Delays Amid Regulatory Scrutiny

BBVA's planned takeover of Banco Sabadell faces regulatory delays, pushing the projected completion date to June 2025 at the earliest. BBVA's president, Carlos Torres, emphasizes shareholder autonomy in the decision, while the deal promises increased credit availability and tax revenue for Spain but...

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48% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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BBVA's Bid for Sabadell Ignites Intense Competition in Spanish Banking

BBVA's takeover bid for Banco Sabadell intensifies competition in the Spanish banking sector, with both entities increasing their loan portfolios significantly despite high interest rates, leading to a battle for market dominance and impacting future interest rate reductions and credit demand.

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36% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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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.

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56% Bias Score

Peace, Justice, and Strong Institutions
elpais.com
🌐 75% Global Worthiness
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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

Decent Work and Economic Growth
cincodias.elpais.com
🌐 75% Global Worthiness
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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

Showing 37 to 48 of 49 results