Sabadell CEO Rules Out M&A Defence Against BBVA Bid usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Spanish bank Sabadell has no plans to try to buy a competitor as part of a possible defense strategy against a hostile takeover attempt by rival BBVA, CEO Cesar Gonzalez-Bueno has told Reuters. .
By Jesús Aguado and Andres Gonzalez MADRID/LONDON (Reuters) - Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover attempt, Chief Executive Officer Cesar Gonzalez.
Spanish lender Sabadell
has kicked off the process of trying to persuade
retail shareholders not to back BBVA s 12.23 billion
euro hostile takeover attempt, telling them they
may have until 2025.