BBVA’s initial offer undervalues Sabadell, says CEO

Sabadell CEO Cesar Gonzalez-Bueno expects BBVA to improve its initial takeover bid for Sabadell Bank, as the current offer undervalues the institution, reported Reuters. His remarks came following BBVA's official initiation of a takeover bid for Sabadell earlier this week. Gonzalez-Bueno remarked at a financial event organised by Barclays in New York, “This offer is most probably not the last one, because everybody agrees that this offer lacks merits.” During the same event BBVA's CEO Onur Genç describe ...