Sabadell will celebrate the failure of the BBVA takeover bid with a party for its employees at the Palau Sant Jordi
Banco Sabadell plans celebrate the failure of the takeover bid (OPA) of BBVA with a party for its employees at the Palau Sant Jordi in Barcelona on November 15. The event will begin at noon and will be a “playful meeting” to, literally, recognize the effort and involvement that the employees have had all this time, and that it will not be a wild party.
This is what bank sources have explained to Europa Press about information provided by The Confidential this Tuesday. The workers of the Catalan entity and the management team have already They celebrated with evident signs of joy the failure of the takeover bid after the result was known on October 16.
BBVA achieved acceptance of 25.47% of the shares with voting rights, below the 50% that represented the success of the operation and the 30% that allowed it to launch a second takeover bid. The result was a surprise for the leaders of Sabadell, since the president of the bank, Josep Oliu, admitted on October 21 that in the last three days before the end of the deadline they were “convinced that there would be a second takeover bid.”
