Banco de Sabadell SA (BDSB.DU)
| Previous close | 1.7735 |
| Open | 1.7890 |
| Bid | 1.7800 x 0 |
| Ask | 1.7855 x 0 |
| Day's range | 1.7810 - 1.7890 |
| 52-week range | 1.0085 - 2.0970 |
| Volume | |
| Avg. volume | 0 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 25 July 2024 - 29 July 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ReutersSabadell rules out M&A defence against BBVA bid, CEO says
MADRID/LONDON (Reuters) -Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover attempt, Chief Executive Officer Cesar Gonzalez-Bueno told Reuters. Spain's No. 2 lender BBVA this month stunned Spain by making the first hostile takeover attempt in Spanish banking since the 1980s, after Sabadell's board rejected an initial bid on the grounds it significantly undervalued the lender.
ReutersSabadell pursues retail investors after BBVA bid turns hostile
MADRID (Reuters) -Spain's Sabadell has told its retail shareholders the bank has "excellent prospects" alone and that they may not need to make a decision about BBVA's 12.23 billion euro ($13.3 billion) hostile takeover attempt until 2025. Retail investors make up nearly half of Sabadell's shareholder structure. BBVA, whose approach turned hostile after its smaller rival rejected its initial offer, had set itself a minimum approval threshold of 50.01% of Sabadell shareholders.
- Reuters
Sabadell's UK arm TSB plans fresh job cuts, branch closures
TSB, the UK banking arm of Spain's Sabadell, is seeking 250 job cuts and 36 branch closures, a spokesperson for the bank and employee union Unite said on Wednesday, as the lender accelerates a restructuring push to save costs. The likely redundancies are expected to fall in the bank's fraud operations, central operations and across TSB's branch network, Unite said, adding that it would seek talks with management in an effort to reduce any additional layoffs. The proposed job losses come just three months after TSB announced plans to cut around 300 roles in its Risk & Finance, Customer Banking and Customer Delivery teams on February 6.
