BBVA Enhances Bid for Banco Sabadell Amid M&A Speculation

about 1 month ago

Bloomberg Reporter

"BBVA has increased its value for its takeover bid for Banco Sabadell by about 10%. The new deal now values the bank around billion, which is around a 1.6% premium to the market value at Friday's close."

In a surprising strategic pivot, BBVA increased its offer for Banco Sabadell by 10%, raising the valuation to  billion. Although this adjustment aims to break previous stalemates in the acquisition talks, the market reaction has been negative, driving the shares of both entities lower.

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