(AOF) – The Spanish bank BBVA announced this Thursday a hostile takeover bid (OPA) for its competitor Sabadell, three days after the latter’s rejection of a friendly merger offer supposed to give birth to a European banking giant . This offer values Sabadell at nearly 11.5 billion euros. BBVA first attempted to absorb Sabadell in November 2020, in order to face the challenges caused by the Covid-19 pandemic.
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