Reported 4 months ago
Sabadell's CEO stated that the bank will not pursue mergers or acquisitions as a defense strategy against BBVA's hostile takeover bid. Sabadell's rejection of BBVA's offer, which was also opposed by the Spanish government, has prompted the bank to focus on its growth prospects and convince shareholders of the merits of remaining independent. Sabadell's advisors believe the deal could face regulatory hurdles due to potential issues related to market share in small and medium-enterprise lending.
Source: YAHOO