Latest news with #BancoSabadell
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Spain Cabinet to Conduct Further Review of BBVA's Bid for Sabadell
The Spanish government plans an additional review of Banco Bilbao Vizcaya Argentaria's hostile bid for smaller peer Banco de Sabadell SAB 0.29%increase; green up pointing triangle, drawing out the yearlong takeover battle further. Spain's Ministry of Economy, Commerce and Business said late Tuesday that the offer would be referred to the cabinet on general-interest grounds other than competition, citing the potential impact of the deal on the sector, territorial cohesion and social policy among other reasons.
Bloomberg
6 days ago
- Business
- Bloomberg
BBVA's Sabadell Bid Delayed Further as Government Starts Review
Spain 's government decided to conduct its own review of BBVA SA 's bid for rival Banco Sabadell SA, after the country's antitrust watchdog last month cleared the offer with some conditions. The government will now have 30 days to study the proposal and make a decision, the economy ministry said in a press release on Tuesday. While it can't block BBVA from buying Sabadell's shares, Madrid has the power to set tougher conditions and stop a legal merger, which could limit how many changes BBVA can carry out at Sabadell including cost cuts.
Yahoo
6 days ago
- Business
- Yahoo
Solaria secures $106m for 175MW Spanish renewable energy project
European renewable energy developer Solaria has signed an agreement in principle with Spanish financial services company Banco Sabadell for the long-term financing of its 175MW Oliva solar project in the province of Guadalajara, Spain. The financing, reaching up to €93.5m ($106.2m), is contingent upon successful due diligence and final approval from the bank's risk committee. The funds will bolster the development of the Oliva solar project, showcasing Solaria's dedication to sustainable digitalisation and energy transition. The project is closely associated with the construction of a data centre, designed to be self-sufficient in energy with a guaranteed 70MW capacity. Solaria CEO Darío López stated: 'We are very pleased to announce this agreement, which reflects Banco Sabadell's reiterated confidence in our company. This financial operation represents a firm step towards the fulfilment of our goals and, consequently, towards the promotion of the energy transition, an essential aspect for the progress of society'. The Oliva solar project, consisting of five photovoltaic plants, will provide 100% renewable energy, sufficient to power 84,000 households annually. The plants, named Oliva solar 1 (50MW), 2 (50MW), 3 (25MW), 4 (25MW) and 5 (25MW), will be located in the Usanos district of Guadalajara and connected to the Daganzo substation. Solaria obtained the necessary administrative construction authorisation for the project in May 2024. Oliva is the company's second solar project in Guadalajara, adding to the existing 626MW Cifuentes-Trillo project in the region. The project will create 700 jobs during its construction phase and will prioritise local employment. In January 2024, Solaria obtained administrative construction authorisation for its 595MW Garoña photovoltaic project in Spain. "Solaria secures $106m for 175MW Spanish renewable energy project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
13-05-2025
- Business
- Bloomberg
Big Bank Deals in Europe Face Familiar Foe as Governments Meddle
The European Union has long decried the small size of its banks. But the national governments of its member states are again emerging as the main stumbling block to some of the region's most ambitious deals. Spain is considering whether to intervene in the takeover of Banco Sabadell SA by BBVA SA, while the Italian government is seeking to obstruct the purchase of Banco BPM SpA by UniCredit SpA. In Berlin, the new administration — like the old one before it — wants Commerzbank AG to remain independent and German, rather than be bought by UniCredit.
Bloomberg
12-05-2025
- Business
- Bloomberg
Sabadell Said to Have Approached Unicaja Investors Over Deal
Banco Sabadell SA has held informal talks about a combination with Spanish lender Unicaja Banco SA as it seeks to head off a hostile takeover by larger rival BBVA SA, according to people familiar with the matter. Sabadell executives sounded out some of the key shareholders of Unicaja earlier this month about a potential deal, one of the people said. The informal proposal is still under consideration and may not lead to any formal merger talks, the people said, asking not to be named discussing private information.
