US EditionMexican board member of Sabadell accepts BBVA’s bid; board tells investors to reject bid - Regional Media News
28 Articles
28 Articles
Mexican investor David Martínez Guzmán, who has 3.86% of the capital of Banco Sabadell, has broken with the numantine defense that the Catalan bank has deployed over the last 17 months before the hostile opa of BBVA. He has already issued a first warning at the beginning of the month, when the board of directors dealt with the offer and gave a call of attention warning that he would support it if the bank that Carlos Torres runs improved the pri…
Mexican investor David Martínez, the largest individual shareholder of Banco Sabadell, will go to BBVA’s opa about the entity.
David Martínez, the sole individual shareholder of Banco Sabadell and the third shareholder of the bank with 3.8% of the capital, is in favour of accepting BBVA's OPA for the "strategic benefits." "I have decided to participate in the offer submitted by BBVA because I believe that the future consolidation in Spain of both institutions will result in an even more competitive entity," says the Mexican businessman. In his opinion, he considers that…
The percentage that it has under its power is valued at more than 640 million euros.
The entity counters with more dividends, an additional 150 million euros for 2025 on what has already been announced. The Mexican businessman, with 3.9% of the capital, is the only one who voted in favor and denounces "the interference" of the government "that has negatively affected" the price Read
In an interview with 'El Confidencial' published this Thursday, asked if the OPA is won among big investors, Torres has said that "absolutely" and that "institutional support is clear".
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