Sabadell
Americannoun
noun
Example Sentences
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Italian and Spanish lenders climb the most, with Bankinter and Banco de Sabadell rising 2.5% and 2.25% in Spain, respectively.
“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.
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.
The Spanish regulator said only 25% of Sabadell investors tendered their shares to BBVA’s stock offer.
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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