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Spain's BBVA and Sabadell scrap merger talks over price disagreement - Business Insider

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इंडिया समाचार समाचार

Spain's BBVA walks away from merger with Banco Sabadell after confirming tie-up less than two weeks ago

Discussions collapsed after the banks disagreed over the price of the transaction. Sabadell, which has a market cap of 2.3 billion euros ,

to prioritize its domestic business after the two parties failed to reach an agreement on the exchange ratio of their shares. The objectives of its new strategy are expected to be released in the third quarter of 2021. Sabadell was keen on merging with another Spanish bank for months. A tie-up for the two lenders would've been viewed as a crucial round of consolidation at a time when European lenders face financial challenges related to the pandemic-induced economic fallout.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Spanish Lenders BBVA and Sabadell Abandon Merger TalksBanco Bilbao Vizcaya Argentaria, Spain’s second-largest lender by assets, and smaller peer Banco de Sabadell ended their merger talks because of disagreements over pricing, underlining that consolidation in Europe’s banking system remains complicated. horrible Do people know what integrity and honesty mean? I doubt it! 😂
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