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INTERVIEW ON RADIO EUSKADI
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What are the keys to the new BBVA offer?

18:00 - 20:00

UPV professor Josu Ferreiro has stated in an interview on Radio Euskadi that the institution has adapted its proposal to what a large part of the shareholders of the Catalan bank demanded, who rejected the first offeras insufficient.

Ferreiro has specified that the BBVA will not pay in cash, but in its own shares, which brings a tax advantage to shareholders because it involves paying less taxes. With this move, the bank chaired by Carlos Torres Vila equalizes the market value of Sabadell's shares, which has increased the chances of the opaque moving forward, even if it entails a higher cost for the BBVA itself.

Asked if there could be a new improvement, the economist believes it's difficult: "BBVA argued that Sabadell's shares were overvalued. Now that difference has disappeared. Another offer should be rejected, this would be the last," he said.

The interview can be heard on the Boulevard program at the UAU from 02:50 to  (original in Spanish). 

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