Latest news with #JorgeZuloaga
Bloomberg
5 days ago
- Business
- Bloomberg
Spain Chided by EU for Hindering BBVA's €13 Billion Sabadell Bid
By and Jorge Zuloaga Save European Union watchdogs have fired off a legal warning to the Spanish government for hindering BBVA SA's €13 billion ($15.1 billion) bid for rival Banco Sabadell SA. The European Commission alleges that a series of onerous conditions imposed on the deal violate EU single market rules that allow freedom of movement of capital in the bloc unless there are exceptional circumstances.
Bloomberg
30-06-2025
- Business
- Bloomberg
BBVA Sticks With Sabadell Bid Despite Madrid's Merger Delay
By and Jorge Zuloaga Save BBVA SA decided to keep its takeover offer for Banco Sabadell SA alive even though the Spanish government's decision to ban a merger for several years has cast doubt over how it will pan out. 'BBVA has decided not to withdraw the offer and, therefore, it remains in effect in accordance with the applicable regulations,' the bank said in a statement on Monday.
Bloomberg
24-06-2025
- Business
- Bloomberg
Grifols's Family Blood Is Thicker Than Water
Newsletter The Brink Spanish drugmaker under short seller attack paid a company linked to its founding family more than it paid other plasma suppliers By and Jorge Zuloaga Save Welcome to The Brink. It's Clara Hernanz Lizarraga and Jorge Zuloaga in Madrid, where we sifted through the documents on the Grifols investigation. We also have news on Lebanon and Wolfspeed. Follow this link to subscribe. Send us feedback and tips at debtnews@ The line between the Grifols family and the namesake Spanish drugmaker company founded in 1909 in Barcelona has always been a thin one. For much of its history, successive generations of the founding family held significant ownership stakes and occupied key executive roles — driving scientific innovation, overseeing operations, and guiding the company's global expansion.
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
09-05-2025
- Business
- Bloomberg
Santander Rejected Bid of About £11 Billion for UK Unit, FT Says
By and Jorge Zuloaga Save Banco Santander SA rejected a bid worth between £10 billion ($13 billion) and £12 billion for its UK retail bank from NatWest Group Plc earlier this year, according to the Financial Times. The Spanish lender believed the offer for Santander UK was too low and the bid is no longer live, the FT said, citing people familiar with the matter it didn't identify.
