Latest news with #BancoSabadellSA
Bloomberg
2 days ago
- Business
- Bloomberg
BBVA Sticks With Sabadell Bid Despite Madrid's Merger Delay
By and Jorge Zuloaga Save BBVA SA decided to keep its takeover offer for Banco Sabadell SA alive even though the Spanish government's decision to ban a merger for several years has cast doubt over how it will pan out. 'BBVA has decided not to withdraw the offer and, therefore, it remains in effect in accordance with the applicable regulations,' the bank said in a statement on Monday.
Bloomberg
23-06-2025
- Business
- Bloomberg
BBVA Chairman Urges ‘Clarity' on Sabadell's TSB Disposal Plan
BBVA SA Chairman Carlos Torres said he wants more clarity regarding the process for a potential sale of Banco Sabadell SA 's UK unit. 'Sabadell has spoken about unsolicited offers, and then there are reports about an ongoing process' he said at a conference Monday. 'It would be good for the information to be clarified.'
Bloomberg
18-06-2025
- Business
- Bloomberg
Banco Santander Approached Sabadell About TSB Purchase, Sky Says
Banco Santander SA is among banks that have expressed interest in buying Banco Sabadell SA 's UK unit, Sky reported. Spain's largest lender has approached Sabadell about a possible purchase of its UK retail bank TSB, Sky said, citing people familiar with the matter. Santander hasn't yet made an offer and TSB's potential valuation in any takeover deal is unclear, Sky added.
Bloomberg
18-06-2025
- Business
- Bloomberg
BBVA Chairman Says ‘Not Right Moment' for Sabadell to Sell TSB
BBVA SA Chairman Carlos Torres criticized the timing of Banco Sabadell SA 's decision to explore a sale of its UK unit, while insisting such a move wouldn't derail his bid for the Spanish rival. This is not the 'right moment' to sell, Torres said in an interview on Onda Cero radio. 'We hope that the takeover law is respected.'
Bloomberg
15-05-2025
- Business
- Bloomberg
CaixaBank, Sabadell Finalize Risk Transfers as Bank M&A Heats Up
By and Jorge Zuloaga Save CaixaBank SA and Banco Sabadell SA are finalizing significant risk transfers to free up capital for growth amid consolidation in the Spanish financial industry. CaixaBank has priced an SRT linked to €2 billion ($2.3 billion) of corporate loans, while Banco Sabadell is completing a separate transaction linked to €1.3 billion of funding for small and mid-sized companies, according to people with knowledge of the deals. Both are expected to close in coming weeks, they said.
