Sabadell CEO Says BBVA Deal Is 'Shaky' -- Market Talk

Dow Jones03-19

1644 GMT - BBVA's hostile takeover bid for smaller peer Sabadell looks like a "shaky" transaction due to the strong negative social reaction in Spain and potential no-merger scenario the suitor is considering, Sabadell's CEO says at a London conference. If a merger doesn't go through, BBVA is envisaging a scenario under which the two separate banks operate under one entity. This structure would make it impossible to achieve the targeted synergies, Sabadell's CEO Cesar Gonzalez Bueno says. The competition authority CNMC, which is currently undertaking a phase 2 review, probably won't take any hard stance on the deal given their methodology, which is based on solving competition issues with behavioral elements, as opposed to structural ones, he adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

March 19, 2025 12:44 ET (16:44 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2520683157?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-20 00:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2520683157","market":"hk","top_or_hot":-1,"title":"Sabadell CEO Says BBVA Deal Is 'Shaky' -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1644 GMT - BBVA's hostile takeover bid for smaller peer Sabadell looks like a \"shaky\" transaction due to the strong negative social reaction in Spain and potential no-merger scenario the suitor is considering, Sabadell's CEO says at a London conference. If a merger doesn't go through, BBVA is envisaging a scenario under which the two separate banks operate under one entity. This structure would make it impossible to achieve the targeted synergies, Sabadell's CEO Cesar Gonzalez Bueno says. The competition authority CNMC, which is currently undertaking a phase 2 review, probably won't take any hard stance on the deal given their methodology, which is based on solving competition issues with behavioral elements, as opposed to structural ones, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2025 12:44 ET (16:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sabadell CEO Says BBVA Deal Is 'Shaky' -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSabadell CEO Says BBVA Deal Is 'Shaky' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-20 00:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1644 GMT - BBVA's hostile takeover bid for smaller peer Sabadell looks like a \"shaky\" transaction due to the strong negative social reaction in Spain and potential no-merger scenario the suitor is considering, Sabadell's CEO says at a London conference. If a merger doesn't go through, BBVA is envisaging a scenario under which the two separate banks operate under one entity. This structure would make it impossible to achieve the targeted synergies, Sabadell's CEO Cesar Gonzalez Bueno says. The competition authority CNMC, which is currently undertaking a phase 2 review, probably won't take any hard stance on the deal given their methodology, which is based on solving competition issues with behavioral elements, as opposed to structural ones, he adds. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 19, 2025 12:44 ET (16:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2520683157","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520683157","pubTimestamp":1742402640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1644 GMT - BBVA's hostile takeover bid for smaller peer Sabadell looks like a \"shaky\" transaction due to the strong negative social reaction in Spain and potential no-merger scenario the suitor is considering, Sabadell's CEO says at a London conference. If a merger doesn't go through, BBVA is envisaging a scenario under which the two separate banks operate under one entity. This structure would make it impossible to achieve the targeted synergies, Sabadell's CEO Cesar Gonzalez Bueno says. The competition authority CNMC, which is currently undertaking a phase 2 review, probably won't take any hard stance on the deal given their methodology, which is based on solving competition issues with behavioral elements, as opposed to structural ones, he adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BBVA":"西班牙外换银行"},"translate_title":"Sabadell首席执行官表示BBVA交易“不稳定”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBVA":1},"content_text":"1644 GMT - BBVA's hostile takeover bid for smaller peer Sabadell looks like a \"shaky\" transaction due to the strong negative social reaction in Spain and potential no-merger scenario the suitor is considering, Sabadell's CEO says at a London conference. If a merger doesn't go through, BBVA is envisaging a scenario under which the two separate banks operate under one entity. This structure would make it impossible to achieve the targeted synergies, Sabadell's CEO Cesar Gonzalez Bueno says. The competition authority CNMC, which is currently undertaking a phase 2 review, probably won't take any hard stance on the deal given their methodology, which is based on solving competition issues with behavioral elements, as opposed to structural ones, he adds. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2025 12:44 ET (16:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.3","shortVersion":"4.32.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2520683157"}