BBVA fails in €17bn takeover battle for smaller Spanish rival Sabadell
The bid only convinced shareholders representing 25.47% of Sabadell voting rights. That was far short of the 50% BBVA needed for the deal to pass outright. Lender BBVA has failed in its takeover bid for smaller rival Sabadell, bringing an end to the tumultuous Spanish banking drama. Sabadell shareholders holding 25.47% of voting rights backed…
