Reported about 11 hours ago
BBVA has confirmed its intention to continue with its hostile takeover bid for Sabadell, even after the Spanish government mandated a three-year merger restriction. This move follows the competitive interest from rivals Santander and Barclays in Sabadell's British division, TSB. Analysts view BBVA's decision as strategic, aiming to secure influence over Sabadell while navigating regulatory requirements that prioritize job and customer protection.
Source: YAHOO