A rare hostile takeover bid in Europe's banking sector has shocked markets
Publishing timestamp: 2024-05-09 07:04:36
Summary
BBVA surprises markets with hostile takeover bid for Banco Sabadell after initial offer was rejected. BBVA's offer is seen as "very strange" by some, but could make sense for Sabadell shareholders. Spain's Economy Ministry rejects the proposed deal.
Sentiment: MIXED
Keywords: banco bbva argentina sa, banks, business, spain, spain government, business news, banco de sabadell sa, banco bilbao vizcaya argentaria sa,