The board of directors of Sabadell This Monday he flatly rejected the offer of fusion by absortion “unsolicited, indicative and conditional” that the BBVA because he understands that “significantly undervalues” your project and its growth prospects. After taking almost a week despite the rush put in by its competitor, the highest governing body of the entity of Catalan origin has opted for the strongest option: nor accept the offer (it understands that it can generate more value for its shareholders alone) nor open to negotiate to improve it. The unknown now is whether BBVA will launch a hostile takeover under the conditions already proposed (something with few precedents in the banking sector and even fewer successful cases), he will unilaterally improve it to try to convince Sabadell, or he will give up. The bank has not given any clues. “We regret that the board of Banco Sabadell has rejected a so attractive offer“, sources from the group have limited themselves to pointing out.

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