Sabadell

[sah-buh-del, sah-bah-thel]

noun

1. a city in northeastern Spain, north of Barcelona.

Sabadell

/ saβaˈðɛl /

noun

1. a town in NE Spain, near Barcelona: textile manufacturing. Pop: 191 057 (2003 est)

Example Sentences

“Following conclusion of the takeover bid, the third quarter’s solid results reaffirm that the bank is well on track to meet the year-end targets set out in the 2025-2027 strategic plan and confirm its shareholder remuneration estimates of 6.45 billion euros,” Sabadell Chief Executive Officer Cesar Gonzalez-Bueno said.

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Earlier this month, it dropped its bid for Banco de Sabadell SAB 0.38%increase; green up pointing triangle after not enough shareholders tendered their stock to the 16 billion euro offer.

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The Spanish regulator said only 25% of Sabadell investors tendered their shares to BBVA’s stock offer.

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On a longer-term horizon, Sabadell’s shares could get some support from the Spanish bank’s plans to return about 40% of its market value to shareholders in the 2025-2027 period, the analyst says.

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Shareholders representing just over a quarter of Sabadell’s capital accepted BBVA’s offer, Spain’s market regulator said late Thursday.

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