Spanish Bank Sabadell Says It's Better Off Alone

Spanish Bank Sabadell Says It's Better Off Alone · The Wall Street Journal

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Banco de Sabadell's chief executive said BBVA's plan to buy its smaller Spanish rival is filled with risks, and shareholders are better off keeping Sabadell independent. “We have never seen before such an opposition to a potential merger,” Sabadell CEO César González-Bueno said in an interview, referring to different interest groups in Spain. Sabadell shareholders, however, will have the ultimate vote.