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ft.com

BBVA battle for TSB owner presents investors with a prisoner’s dilemma

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

martedì 23 settembre 2025 New tab

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Spain’s BBVA fails in hostile bid for Sabadell

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

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

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Sabadell urges shareholders to reject BBVA’s €15bn hostile bid

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

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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

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Dirty tricks claims by BBVA mar end of Spanish banking’s takeover battle

Lender files complaint with market regulator alleging Sabadell staff are obstructing voting

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Sabadell explores sale of UK high street bank TSB

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

ft.com·1 anni fa