BBVA takes €15bn bid to Sabadell shareholders despite government opposition
Combining the two lenders would eventually create €900mn of synergies and form Spain’s second-biggest bank by assets
Combining the two lenders would eventually create €900mn of synergies and form Spain’s second-biggest bank by assets

Spanish bank aims to conclude 18-month pursuit with improved €17bn bid for smaller rival

Tender offer only won over shareholders holding 25% of smaller rival’s stock

Possibility of Sabadell shareholders getting a better offer from their Spanish rival leaves them with an uncomfortable choice

Government imposes new conditions on hostile banking bid

Catalan bank’s chief says offer is ‘riddled with risks and uncertainties’

Spanish lender sounds out bidders for British arm as it seeks to fend off hostile takeover from BBVA