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Banco Sabadell presents allegations to Competition Commission regarding BBVA hostile takeover bid

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sabadell

Posted By: The Corner 25th February 2025

Alphavalue/DIVACONS | on Friday, the Catalan financial institution presented its allegations to the statement of specific facts (SSF) that the CNMC (National Commission on Markets and Competition) sent to it on 31 January, as it did to BBVA (Buy, Target Price €16.6/share)

.The bank presented arguments similar to those it had previously presented to the CNMC in the first phase, but focusing on the problematic aspects in terms of competition from the Authority, as highlighted in the summary note from mid-November.

Banco Sabadell: Buy, Target Price €3.37/share.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.