Tag #Sabadell

Showing 25 to 36 of 46 results

cincodias.elpais.com
🌐 85% Global Worthiness
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Spanish Government Suspends BBVA-Sabadell Trading Amid Merger Review

The Spanish government is reviewing BBVA's takeover bid for Sabadell, resulting in the CNMV suspending both banks' trading. The government will impose stricter conditions than the CNMC, focusing on protecting SMEs and branches, with a decision expected within three weeks.

Progress

36% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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Spain Tightens Conditions on BBVA's Sabadell Bid

The Spanish government will impose stricter conditions on BBVA's takeover bid for Sabadell, citing concerns about competition, job security, and financial inclusion. This decision, alongside Sabadell's potential sale of its UK subsidiary TSB, could significantly hinder or prevent the acquisition.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Sabadell Announces Potential Sale of TSB Amid BBVA Takeover Bid

Banco Sabadell is exploring the sale of its UK subsidiary, TSB, to potential buyers including Barclays, NatWest, Santander UK, and HSBC, amid a hostile takeover bid from BBVA, potentially generating £1.7bn-£2bn.

Progress

36% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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BBVA-Sabadell Merger Approved Despite Insufficient Competition Safeguards

The CNMC approved BBVA's takeover of Sabadell despite concerns about reduced competition, implementing insufficient remedies that primarily benefit a small percentage of SMEs; the merger increases market concentration to three major banks controlling approximately 72% of the credit market.

Progress

60% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
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BBVA Awaits Spanish Government Decision on Sabadell Takeover

BBVA, having secured 27 regulatory approvals including from the CNMC and the European Central Bank, awaits the Spanish government's decision on its hostile takeover bid for Sabadell by June 27th, highlighting commitments made to address public interest concerns.

Progress

48% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
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Spanish Government Weighs Intervention in BBVA's Sabadell Takeover Amidst Legal and EU Concerns

The Spanish government is reviewing BBVA's takeover bid for Banco Sabadell, potentially imposing conditions beyond those set by the CNMC, prompting legal uncertainty and EU scrutiny, with the final decision to be made by the Council of Ministers within one month.

Progress

44% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 75% Global Worthiness
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Spanish Government's Decision Delays BBVA-Sabadell Merger, Raising Concerns About EU Banking Integration

The Spanish government conditionally approved BBVA's takeover of Sabadell, delaying the merger for three years, prompting ECB Vice-President Luis de Guindos to express concerns about the impact on the credibility of the European Banking Union's integration efforts and investor confidence.

Progress

44% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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BBVA's Sabadell Bid Awaits Government Decision Amidst TSB Sale Uncertainty

BBVA's takeover bid for Sabadell faces a crucial government decision this week, with the potential sale of Sabadell's UK subsidiary, TSB, adding complexity; the offer's success hinges on the government's conditions and shareholder acceptance by September.

Progress

32% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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BBVA to Acquire Sabadell, Creating Spain's Second-Largest Bank Network

BBVA plans to acquire Sabadell, creating Spain's second-largest bank branch network with approximately 2,700 offices after closing 300, pending government approval contingent on commitments to the CNMC to prevent financial exclusion in specific areas.

Progress

52% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 85% Global Worthiness
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CNMC Report Reveals Concerns Over BBVA-Sabadell Merger

The CNMC's report on BBVA's takeover bid for Banco Sabadell reveals that competitor banks are ready to gain clients if the merger proceeds, highlighting concerns over potential monopolies and the effectiveness of BBVA's proposed commitments to maintain commercial conditions for SMEs.

Progress

36% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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BBVA Defends Sabadell Merger Conditions Ahead of Government Decision

BBVA maintains that the CNMC's approved conditions for its takeover of Banco Sabadell already address public interest concerns, affecting approximately 2 million SMEs; the Spanish government has until mid-July to decide.

Progress

44% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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Spanish Court to Rule on Legality of BBVA-Sabadell Merger Consultation

Spain's National Court will examine the legality of a government-led public consultation regarding BBVA's takeover bid for Banco Sabadell, prompted by a law firm's challenge citing legal deficiencies; the court's decision could significantly impact future government involvement in corporate mergers.

Progress

48% Bias Score

Reduced Inequality

Showing 25 to 36 of 46 results