BBVA has announced its plan to acquire Banco Sabadell through a share exchange offer. In a letter sent to the CNMV and Sabadell leadership, BBVA proposed one BBVA share for every 4.83 Sabadell shares, with a price of 2.26 euros per share if Sabadell’s shares exceed 1.7375 euros. The proposal was approved by the BBVA Board of Directors and includes commitments related to the integration of Sabadell advisors, managers, staff, business operations, brand survival, and presence in Catalonia.
The merger would create a stronger entity with a market share of 40%, raising concerns about competition in the banking market. The Government has voiced concerns about the concentration of entities in the market and its impact on competition and financial inclusion. However, BBVA believes that acquiring Sabadell would benefit the banking market by improving the ability to provide credit to families and companies. The merger would also increase tax contributions and shareholder returns.
The announcement has sparked discussions about the potential impact of the merger on the banking sector and market competition. In parallel, discussions about various topics unrelated to the proposed acquisition have been taking place, featuring articles on a range of subjects such as slot online, property management, casino bonuses, and yurt living. These topics span a diverse range of interests and provide a snapshot of current trends and discussions in various fields.
