May 11, 2021

Francisco González buys one million BBVA shares after his departure

Francisco González buys one million BBVA shares after his departure


The former president of BBVA Francisco González has acquired one million shares of the bank after leaving his position as top executive at the bank, for which he would have paid close to 4.63 million euros.

As reported by Efe sources of the bank today, the former president acquired the titles of BBVA on 28 and 31 December, which added to those that already had a total of 5.46 million shares of the bank.

This participation, taking into account the current price of BBVA, is valued at around 25.8 million euros.

The purchase of shares of Francisco González after his departure from BBVA is interpreted as a sign of confidence of the former banker in the future of the entity, now chaired by Carlos Torres Vila, who was his right hand and CEO until the end of 2018.

This last position has become occupied by the Turkish Onur Genç, with the singularity that it will report directly to the board of directors and not to the president, like its predecessor, which implies a less presidentialist management model, to which the ECB has already given approval.

.



Source link