Business ❯Finance ❯Mergers and Acquisitions ❯Takeover Bids

BBVA and Banc Sabadell

Sabadell Sells TSB to Santander and Unveils €3.8 Billion Dividend to Counter BBVA Bid

The sale of TSB funds a €3.8 billion dividend that fortifies Sabadell’s defense, forcing BBVA to reassess its offer under a three-year autonomy requirement.

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last mo.

Spain’s Cabinet Begins 30-Day Review of BBVA’s Banco Sabadell Takeover