Spanish government opposes BBVA's $13 billion Sabadell hostile bid | Business Information & News | Westlaw

Spanish government opposes BBVA's $13 billion Sabadell hostile bid | Business Information & News | Westlaw

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5/9/24 REUTERS 09:47:00
REUTERS
Copyright (c) 2024 Thomson Reuters
May 9, 2024
Spanish government opposes BBVA's $13 billion Sabadell hostile bid
Belen Carreño
Alexander Smith
Joan Faus
Inti Landauro
Charlie Devereux
Emma Pinedo
Susan Fenton
MADRID/BARCELONA (Reuters) -Spain's government opposes BBVA's hostile takeover bid for its smaller rival Sabadell, Economy Minister Carlos Cuerpo said on Thursday.
Under Spanish law, the Economy Ministry has the power to block any merger or...
---- Index References ----
News Subject: (Business Management (1BU42); Corporate Events (1CR05); Corporate Groups & Ownership (1XO09); Economic Policy & Policymakers (1EC69); Economics & Trade (1EC26); European Union (1EU94); Government (1GO80); Mergers & Acquisitions (1ME39); World Organizations (1IN77))
Industry: (Banking (1BA20); Financial Services (1FI37))
Region: (Europe (1EU83); Eurozone Countries (1EU86); Iberia (1IB61); Mediterranean (1ME20); Southern Europe (1SO59); Spain (1SP23); Western Europe (1WE41))
Language: EN
Other Indexing: (Spanish government; BBVA; X. Sabadell)
Keywords: banking; ma
Word Count: 472
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