Banco Bilbao Vizcaya Argentaria SA has gone hostile in its pursuit of smaller Spanish rival Banco de Sabadell SA in a highly unusual move both for banking deals and the Spanish market. In truth, this looks like a face-saving admission of defeat more than a winning move.

BBVA is taking a big risk for a somewhat underwhelming reward: Going hostile means it won’t even get a proper look at its rival’s books before any deal, while the gain from success is a measly 3.5% addition to earnings per share when cost savings are achieved after three years by BBVA’s own estimates.

QOSHE - BBVA Should Just Walk Away From Sabadell - Paul J. Davies
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

BBVA Should Just Walk Away From Sabadell

14 1
09.05.2024

Banco Bilbao Vizcaya Argentaria SA has gone hostile in its pursuit of smaller Spanish rival Banco de Sabadell SA in a highly unusual move both........

© Bloomberg

Get it on Google Play