In Full: BBVA Chair Torres on Sabadell Bid, Continuity
Core Insights - BBVA SA's $19 billion offer for Banco Sabadell SA was rejected by three quarters of its shareholders, indicating significant resistance to the acquisition proposal [1] - BBVA Chairman Carlos Torres expressed determination to move forward and continue leading the bank, stating he has no plans to resign as long as he has the support of shareholders and the board [1] Company Summary - The rejection of the acquisition proposal highlights potential challenges in BBVA's growth strategy and shareholder alignment [1] - Carlos Torres's commitment to his role suggests stability in leadership during a period of strategic reevaluation [1]