Norbolsa | The Banco Sabadell chairman rules out BBVA’s takeover bid succeeding due to the lack of a premium (-9.8%) and the elimination of the extraordinary dividend from the sale of TSB, and assures that the operation would only be considered with a premium of 30-40%, as is usually the case in successful takeover bids.
In addition, the trade unions representing Banco Sabadell employees expressed their rejection of BBVA’s takeover bid through a series of opinions sent to the Board of Directors before it made its opposition public in a report.
