Reported about 1 month ago
GQG Partners has sold its stake in BBVA due to the bank's pursuit of a hostile takeover of Banco Sabadell. The decision, driven by concerns about the bid being distracting and diluting GQG's market focus, comes after BBVA's €12.23 billion offer faced significant hurdles, including opposition from Spain's government and pending approvals from regulatory bodies. The controversy over this acquisition continues as both refund mechanisms and market dynamics evolve.
Source: YAHOO