BBVA has 8 billion euros to fund mandatory bid for Sabadell if needed, CEO says

Core Viewpoint - BBVA has allocated 8 billion euros ($9.4 billion) for a mandatory cash offer for Sabadell if it cannot persuade enough of Sabadell's shareholders to accept its hostile bid [1] Group 1 - BBVA's Chief Executive Officer Onur Genc stated the capital amount designated for the offer [1]