Banco Sabadell


Banco Sabadell gets offers of €300-350 M from France’s Worldline and Italy’s NEXI for its payments business

Alphavalue/ Divacons | The Catalan lender has received binding offers from France’s Worldline and Italy’s NEXI for its payment business which it put up for sale in September. The offers are between 300 and 350 million euros, with that from Worldline (part of our model portfolio) seeming to be the highest. Sabadell is said to be looking for 400 million euros.


Sabadell, in the process of selling its payments arm: Worldline, Nexi, Fiserv interested parties

Renta 4 | Banco Sabadell (SAB) has announced it is in the process of analysing a possible strategic agreement with an industrial partner, specialising in the payments business. According to Reuters, citing three sources speaking on condition of anonymity, the Spanish lender has received indicative bids from France’s Worldline, Italy’s Nexi and US firm Fiserv for its payments arm. The deal is valued at up to 400 million euros, the…

Sabadell sells toxic assets

Bank Of America Becomes Sabadell’s Largest Shareholder With The Unveiling Of A 6.3% Stake

As reported today by Europa Press, Bank of America Corporation has unveiled a 6.3% stake in Banco Sabadell. This makes it the largest significant shareholder of the bank, ahead of BlackRock and David Martinez, according to National Securities Market Commission (CNMV) records. Specifically, Bank of America has notified its control of 6.323% of the bank’s shares, both through voting rights, with 1.681%, and financial instruments, with 4.642%. This movement took…

Madrid Stock Exchange revision

“The Remuneration Report At Banco de Sabadell Obtained Over 38% Dissent Votes”

“Shareholders and proxy advisors are being very critical of directors’ pay and board composition, as evidenced in voting.” explains Nancy Hameni (Head of Proxy & M&A at Cmi2i) to Fernando Rodriguez. Q- What do you think is most remarkable so far in the 2022 Spanish AGM season ?A- Halfway through the 2022 AGM season, we are seeing executive compensation and board elections as the most prominent trends within the IBEX-35….

banco sabadell palmeras

Banco Sabadell Wants To Shed A Further 12% Of Its Workforce, 1,900 Workers

Banco Sabadell has proposed a redundancy plan for 1,900 employees to the trade unions, which could mean the closure of between 230 and 300 branches. It should help the bank to improve its low profitability, ROE, of 3.1% on equity, far from the cost of capital (which can be up to three times higher). It is also way off the profitability obtained by its Spanish competitors (Santander and BBVA have…

banco sabadell palmeras

Sabadell Is Considering Options To Defend Itself From The Effects Of The Caixabank-Bankia Merger

Banco Sabadell has been left hanging after the announcement of the merger between Bankia and CaixaBank. For months there had been talk of a combination of Sabadell and Bankia as the most promising concentration operation in the sector. Now, however, this possibility has vanished and the Catalan bank would be assessing different options to protect its interests.