Alphavalue/DIVACONS | BBVA (BBVA) admits that a second takeover bid for Banco Sabadell (SAB) could compromise its capital distribution plan, according to Expansión.
The bank notes the ‘negative impacts’ that a possible second takeover bid for Banco Sabadell, which would be financed with ‘available resources’, would have on its solvency.
Meanwhile, Zurich Insurance Group (Add, Target Price CHF 635) notified the National Securities Market Commission (CNMV) that it owns 4.947% of Banco Sabadell, following the bank’s latest share buyback. It holds 248.5 million shares, valued at €817.5 million, the same as in July.
BBVA: Add, Target Price €19.2/share.Banco Sabadell: Add, Target Price €3.95/share.
