INSUBCONTINENT EXCLUSIVE:
Initially, Sabadell stayed silent but soon openly rejected the bid.They revealed private talks, showing their dissent, and filed a complaint
had contacted, triggering a regulatory investigation.The bid sparked widespread financial unrest and significant political backlash, from
its assets and boost international competitiveness through the takeover.Although this merger promised to enhance global operations, it faced
intense scrutiny from regulators keen on maintaining market competition and financial stability.Key authorities, including the CNMV, UK and
Spanish competition bodies, and the European Central Bank, play crucial roles in the merger review process.This extensive procedure is
expected to last at least six months and may prolong if the rivalry leads to legal disputes.The conflict began on April 30 when BBVA
responded to rumors, expressing interest in merging with Sabadell
Sabadell acknowledged the proposal briefly and without commitment.The next day, BBVA escalated the issue by detailing their offer publicly,
conflict, culminating in the hostile takeover announcement on May 9.This move drew cautious responses from leaders, emphasizing the need for
proper governance in critical corporate actions.BackgroundBBVA has a robust presence in Europe and Latin America, notably in Mexico and
Turkey.By merging with Sabadell, the bank could significantly expand its European footprint, particularly in the UK and Spain.Furthermore,
this merger would enable BBVA to tap into new markets where Sabadell already has networks, enhancing its global competitiveness.
