BBVA CEO Expects Sabadell Bid to Go to Investors Before July
BBVA SA Chief Executive Officer Onur Genc said that Banco Sabadell SA shareholders will likely get to decide on his lender's unsolicited bid for the rival before the end of June.
The so-called acceptance period will probably kick off 'in the last piece of the second quarter,' Genc said Tuesday on Bloomberg TV. He added that 'we are in the last inches' to get approval for the offer from the Spanish competition authority.
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