BBVA’s Bank Takeover Advances

BBVA takes speed in the operation with Sabadell. The buyer bank has accepted the proposal to improve the commitments for the merger that the Competition Authority made to it by...

BBVA’s public offer of acquisition (OPA) on Sabadell continues pending the resolution of the National Commission on Markets and Competition (CNMC). The regulator that runs Cani Fernández has to decide on whether to authorize the operation so that the Basque bank takes over the Catalan one. It is currently in a deeper phase of analysis, although the actors hope that the response will not be delayed beyond April. From there, when the opinion of th…

BBVA’s Bank Takeover Advances

The standoff surrounding Spanish bank BBVA’s hostile takeover of Banco Sabadell remains in limbo. BBVA, however, is not relenting, describing the deal as “the most attractive project in European banking.” For this reason, BBVA continues to pursue approvals from regulators. On March 19, Morocco’s central bank, Bank Al-Maghrib, became the latest to approve the transaction. With the green light, BBVA is set to enter the Moroccan market by taking o…

The EIB and BBVA Group plan to mobilise €185 million for sustainable housing projects that are driven by SMEs and midcaps in Spain, as reported in a statement. Specifically, the EIB Group, formed by the European Investment Bank (EIB) and the European Investment Fund (EIF), has signed a new synthetic securitisation operation with BBVA worth €93 million for 100% green projects. This investment will allow the Spanish bank to mobilise approximately …

As explained by the entity, the projects financed by this operation will contribute to the improvement of energy efficiency, the reduction of CO2 emissions and the mitigation of climate change.A significant part of these projects are expected to take place in cohesion regions where per capita income is below the EU average.The agreement with BBVA contributes to strategic priorities of the EIB Group such as climate action, access to affordable an…