BBVA Says Sabadell Savings Target at Risk If No Merger [Yahoo! Finance Canada]
Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
US:NYSE Investor Relations:
shareholdersandinvestors.bbva.com
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg In such a scenario, the Spanish lender “may not be able to realize some or all of these synergies, or such synergies may be realized at later dates” than initially forecast, it said in a document submitted to the US Securities and Exchange Commission. ADVERTISEMENT BBVA, whose official name is Banco Bilbao Vizcaya Argentaria SA, would still expect “to capture the majority of the cost synergies” even in that scenario and it considers the probability of it unfolding as “very remote,” it also said. BBVA made a hostile approach for Sabadell three months ago, valuing the smaller lender at about €11.5 billion ($12.6 billion) at the time. The Spanish government, which would need to approve a legal merger between the two banks, has opposed the deal, raising the possibility that BBVA ends up with a majority stake in Sabadell but is unable to fully integrate it. A takeover of Sabadell would result in €850 million in cost savings, with €300 million coming from
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News
- Spain to Name Escriva New Central Bank Governor, Expansion Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Spain to Announce New Central Bank Governor on Sept. 4 [BNN Bloomberg (Canada)]BNN Bloomberg
- Emerging-Market Currencies Slip After US Retail Sales Beat [BNN Bloomberg (Canada)]BNN Bloomberg
- Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) was upgraded by analysts at Citigroup Inc. to a "strong-buy" rating.MarketBeat
- BBVA Says Sabadell Savings Goal Would Be at Risk If No Merger [Yahoo! Finance]Yahoo! Finance
BBVA
Earnings
- 4/29/24 - Beat
BBVA
Sec Filings
- 9/20/24 - Form F-4/A
- 9/20/24 - Form 425
- 9/20/24 - Form 425
- BBVA's page on the SEC website