January 24, 2021

Banco Sabadell and BBVA terminate their merger talks without agreement


BBVA and Banco Sabadell have decided to end the talks on a possible merger due to not reaching an agreement on the exchange ratio.

Banco Sabadell maintains its plan of 1,800 staff redundancies regardless of the negotiation with BBVA

Banco Sabadell maintains its plan of 1,800 staff redundancies regardless of the negotiation with BBVA

Know more

This has been communicated by both entities in two relevant events sent to the National Securities Market Commission (CNMV).

Thus, 11 days after confirming to the supervisory body that they maintained contacts for a possible integration, both entities report that they reject carrying it out.

.



Source link