Bbva
Sabadell made $975 million in the first half of the year, 23% more last year
On the BBVA's bank purchase operation, Sabadell CEO César Gonzalez-Bueno has stated that the BBVA has only two options from now on: "improve the offer or withdraw."
Brussels has opened proceedings against Spain for the laws used by the BBVA in the Sabadell stock acquisition operation
The European Commission considers that the laws by which the Spanish Government has conditioned this operation are contrary to the free movement of capital, giving the Spanish Government a period of two months to give explanations.
Sabadell has sold its British subsidiary TSB to Santander Bank
The board of directors of Sabadell has accepted the offer of Santander UK (which has prevailed over that of Barclays), but the bank of Catalonia will have to convene an extraordinary meeting of shareholders to support the sale, as it is immersed in the BBVA purchase offer.
BBVA has decided to move forward with its offer to buy Sabadell
Last Tuesday, 24 June, the Council of Ministers approved the operation on the condition that the two institutions maintain separate legal autonomy and day-to-day management.
BBVA has been willing to strengthen its presence in the Basque Country
The leaders of the entity confirm the bank's commitment to the Basque Country and confirm that the entity is ready to explore new investment opportunities.
BBVA will study the conditions and possible "alternatives" established by the Spanish Government to the PIE, including the suspension
The head of the Spanish bank, Peio Belausteguigoitia, has stated that a decision will be taken "in the next few days".
BBVA must decide whether to continue its offer to buy shares in Sabadell after the Spanish Government has ordered the merger to be extended to three years
The President of the Generalitat, Salvador Illa, has expressed his satisfaction that the decision guarantees "balanced competition" and "the rights of workers, customers and businesses".
The Spanish Securities and Exchange Commission pulls BBVA and Sabadell out of the stock market, pending the government's decision on the PIE
The Council of Ministers will clarify today whether it imposes additional conditions on the BBVA to proceed with its PIE.