THE BBVA bank’s Banco Sabadell takeover bid, which turned hostile in May 2024, could look less appealing to wavering Sabadell shareholders.

Spanish Prime Minister Pedro Sanchez withheld judgment on the merits of the proposed takeover of Banco Sabadell SA by larger rival BBVA SA, even though his government previously expressed strong opposition to the banking deal.

The bank did not give a reason for the potential relocation, although it has previously stressed its importance to the Catalan economy. View on euronews