Sabadell CEO expects BBVA to improve its offer for the bank
Yahoo Financeยท2025-09-09 12:33
MADRID (Reuters) - Sabadell Chief Executive Cesar Gonzalez-Bueno expects BBVA to submit a higher offer for his bank, he said on Tuesday, adding that its Spanish competitor's hostile takeover bid undervalues the lender. His comments came after BBVA on Monday formally launched its around 14.9-billion euro ($17.5 billion) takeover for Sabadell, with some analysts expecting it will have to raise its offer as shares in its smaller rival have surged above the original price. "This offer is most probably not th ...