Latest news with #Unicaja
Yahoo
13-05-2025
- Business
- Yahoo
Spanish lender Unicaja denies report it has held merger talks with Sabadell
(Corrects syntax in paragraph 1) MADRID/BANGALORE (Reuters) -Spanish lender Unicaja denied on Monday that it held talks about a merger with Banco Sabadell after Bloomberg News reported the lenders held informal discussions for it. The report also said Sabadell's executives had sounded out some key shareholders of Unicaja earlier this month about a potential deal as it sought to fend off a hostile takeover by larger rival BBVA SA. A Unicaja's spokesperson, who denied merger talks between both banks, said it was not aware of any informal talks with the lender's shareholders. Unicaja's largest shareholder is the foundation of Unicaja with a 31.2% stake. The foundation of Unicaja was not immediately available for a comment. Earlier on Monday, another Spanish lender Abanca had also denied a report in the Expansion newspaper that said Sabadell was exploring a possible merger with it. Sabadell declined to comment. Sabadell and the Spanish government have opposed the hostile takeover by BBVA due to concerns it could reduce competition and lead to job losses. The government launched a non-binding public consultation on the matter last week and Economy Minister Carlos Cuerpo said that the process will conclude on May 16. Last month, Spain's competition watchdog approved the takeover bid subject to several remedies. ($1 = 0.9017 euros) Sign in to access your portfolio
Reuters
12-05-2025
- Business
- Reuters
Spanish lender Unicaja denies report it has held merger talks with Sabadell
MADRID/BANGALORE, May 12 (Reuters) - Spanish lender Unicaja ( opens new tab denied on Monday that it held talks about a merger with Banco Sabadell ( opens new tab after Bloomberg news reported the lenders held informal discussions for it. The report also said Sabadell's executives had sounded out some key shareholders of Unicaja earlier this month about a potential deal as it sought to fend off a hostile takeover by larger rival BBVA SA ( opens new tab. A Unicaja's spokesperson, who denied merger talks between both banks, said it was not aware of any informal talks with the lender's shareholders. Unicaja's largest shareholder is the foundation of Unicaja with a 31.2% stake. The foundation of Unicaja was not immediately available for a comment. Earlier on Monday, another Spanish lender Abanca had also denied a report in the Expansion newspaper that said Sabadell was exploring a possible merger with it. Sabadell declined to comment. Sabadell and the Spanish government have opposed the hostile takeover by BBVA due to concerns it could reduce competition and lead to job losses. The government launched a non-binding public consultation on the matter last week and Economy Minister Carlos Cuerpo said that the process will conclude on May 16. Last month, Spain's competition watchdog approved the takeover bid subject to several remedies. ($1 = 0.9017 euros)
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.
