Spain’s government is opposing a hostile takeover bid by Spanish bank BBVA for the Spanish multinational financial services company Sabadell that...
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- ESSENTIAL-BUSINESS.PT - A La Une - 01/Jul 13:44
BBVA to press ahead with Public Acquisition Offer
Spanish bank BBVA has decided to press ahead with its Public Acquisition Offer (PAO) in hostile takeover bid for its rival Sabadall despite the Spanish government’s misgivings. The bank led by Carlos Torres is looking at the operation after the Spanish government hardened its line against the takeover, including a prohibition on a merger for […]
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