BBVA Hires Lobbyists to Win Over Spanish Government on Sabadell Deal

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Banco Bilbao Vizcaya Argentaria SA has mandated a public relations firm to help it overcome the Spanish government’s opposition to the lender’s hostile bid for rival Banco de Sabadell SA.

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BBVA Approaches Sabadell Over Potential Spanish Bank MergerBanco Bilbao Vizcaya Argentaria SA has told Banco Sabadell SA that it’s interested in exploring an acquisition, in what could be one of the largest European banking deals in years.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Spanish government opposes BBVA’s US$13-billion hostile bid for smaller rival SabadellSpain’s economy minister said the government believes the combination of the two banks would have potentially harmful effects on the country’s financial system and would impact jobs and customers
Source: globeandmail - 🏆 5. / 92 Read more »

BBVA’s Relentless Pursuit of Sabadell Upends Spanish BankingBanco Bilbao Vizcaya Argentaria SA’s second attempt to buy Banco de Sabadell SA isn’t proving popular.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Sabadell Favors Opening Talks With BBVA About Takeover, Sources SayBanco Sabadell SA is leaning towards starting takeover talks with larger rival Banco Bilbao Vizcaya Argentaria SA, people familiar with the matter said, potentially taking a first step in a process that could end up creating a new Spanish banking behemoth.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Spain Says It Has Last Word to Approve BBVA Offer for SabadellSpain’s dramatic intervention to oppose Banco Bilbao Vizcaya Argentaria SA’s hostile bid for Catalan lender Banco de Sabadell SA is blurring the lines between politics and business mere days before a regional election in Catalonia.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

BBVA’s Hostile Bid Breaks Rule, Sabadell Says as Spat Escalates(Bloomberg) -- Banco Bilbao Vizcaya Argentaria SA’s hostile takeover for Banco de Sabadell SA breaks the law, the smaller rival said, ratcheting up the heat ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »