Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spanish bank Sabadell has traded blows with US private equity group Cerberus in a €365mn London lawsuit ...

BBVA has decided to maintain its takeover offer for Banco Sabadell despite investor backing for the rival's decision to sell its UK unit TSB. BBVA made an unsolicited bid for Sabadell in May ...

Sabadell agreed last month to sell TSB to Santander for an initial 2.65 billion pounds ($3.53 billion) in cash, which analysts viewed as a strategy to stop BBVA's takeover approach, which aims to ...

By Jesús Aguado MADRID (Reuters) -Spain's Sabadell aims to post net profit above 1.6 billion euros ($1.88 billion) in 2027, excluding results from its British unit TSB, which it has agreed to ...

MADRID (Reuters) -The potential sale of Sabadell's British unit TSB to Santander could further complicate BBVA's hostile takeover bid for the lender, Sabadell CEO Cesar Gonzalez-Bueno told analysts on ...

Sabadell bank does not expect any other offer to a merger proposal made by its bigger rival BBVA , its Chief Executive Officer Cesar Gonzalez-Bueno said on Wednesday.

BBVA SA ’s pursuit of Banco Sabadell SA was thrown into doubt yet again after the target of its bid agreed to sell its UK business and pledged to pay out the proceeds to shareholders. The £2.65 ...

BBVA is Spain’s second-largest bank by market value and Sabadell is its fourth-largest one. BBVA is offering one newly-issued share and €0.70 in cash for each 5.3456 ordinary shares of Sabadell.

Sabadell agreed to sell an 80 per cent interest in three portfolios to Cerberus in a 2019 deal that covered a range of assets including offices, warehouses, and apartment blocks.

The Spanish government said it would clear Banco Bilbao Vizcaya Argentaria’s hostile bid for smaller peer Banco de Sabadell SAB 0.69% on the condition that the banks don’t legally merge for up ...