The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco ...

Ruling prevents an immediate merging of the banks even if Spain’s bigger lender succeeds in its €13bn hostile bid ...

The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s ...

According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking ...

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

Banco Sabadell SA’s chief executive officer said an acquisition offer by BBVA SA remains too low, leaving little prospect for plans to create a Spanish banking powerhouse.

By Jesús Aguado MADRID (Reuters) -Spain's BBVA will have to keep banks as separate entities for at least three years and protect jobs as part of conditions imposed by the government on the ...

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, ... BBVA's hostile bid values Banco Sabadell at nearly 11.5 billion euros ...

BBVA said on Tuesday it had approached Sabadell about a possible merger, ... Spain's BBVA takes aim again at $10 bln Sabadell. By Jesús Aguado. April 30, 2024 5:04 PM UTC Updated April 30, 2024 ...

Now, BBVA said it would offer one newly issued share for every 4.83 Sabadell shares, an exchange ratio representing a 30% premium over the closing prices of BBVA and Sabadell on April 29.

The board of Spain's Banco Sabadell on Monday rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, Sabadell said in a statement to the Spanish ...

Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell, seeking another shot at a tie-up that could make it Spain’s largest bank after a previous attempt ...