Latest news with #BancoSabadellSA
Bloomberg
15-05-2025
- Business
- Bloomberg
CaixaBank, Sabadell Finalize Risk Transfers as Bank M&A Heats Up
By and Jorge Zuloaga Save CaixaBank SA and Banco Sabadell SA are finalizing significant risk transfers to free up capital for growth amid consolidation in the Spanish financial industry. CaixaBank has priced an SRT linked to €2 billion ($2.3 billion) of corporate loans, while Banco Sabadell is completing a separate transaction linked to €1.3 billion of funding for small and mid-sized companies, according to people with knowledge of the deals. Both are expected to close in coming weeks, they said.
Bloomberg
05-05-2025
- Business
- Bloomberg
Spain to Open Public Hearing into BBVAs' ‘Hostile' Sabadell Bid
The Spanish government will open a public hearing to receive opinions on BBVA SA's bid to buy smaller rival Banco Sabadell SA, adding an unexpected loop to an already lengthy takeover fight. To make a decision with all guarantees the government will launch a hearing 'to get opinion from organizations, citizens and associations,' Prime Minister Pedro Sanchez said in a speech Monday during a business event in Barcelona, attended by the chairmen of both lenders. While the government wants companies to grow and be competitive this must be done 'in the common interest of the country and its people,' he said.
Bloomberg
18-03-2025
- Business
- Bloomberg
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.
Bloomberg
11-02-2025
- Business
- Bloomberg
Banco Sabadell Protects Top Manager Pay From Potential Takeover
Banco Sabadell SA has broadened the group of senior managers entitled to have their pay protected in certain scenarios including a change of ownership, as the lender faces a takeover bid from bigger rival BBVA SA. The Spanish bank increased to 27 from 18 the number of managers who can receive indemnity of up to two years' fixed pay in 'some limited cases of change of control,' according to its annual governance report.
