The rejection of fusion with BBVA does not imply that any other marriage between Sabadell and other smaller banks It cannot be carried out. In fact, the CEO of Vallesano, César González-Bueno, said Friday that “It is an option that always exists because we all have the vocation to improve“. The BBVA had that intention of improving with this fusion, what happens is that what cannot be done is to run over the competition on the way and create negative synergies,” he said in an interview on TV3 collected by Europa Press.
The Executive said that mergers, although they may seem premeditated, always have a “last minute and opportunity” component because, in their opinion, if they prepare with a long time, they never arrive. “Except for the three great entities, which are already enough or too large, as you look to compete in Spain, all the rest we have a size and geographical complementarity that works,” he added, after being asked about an eventual fusion with Unicaja, Ibercaja or Bankinter.
González-Well noted that, even if they do not necessarily involve Sabadell, these integrations may allow, at the same time, “a certain cost reduction, but also an increase in income, because they would be of very different geographical areas and would have complementarity of capacities.” “I think that ambition has any of the entities in Spain. The circumstances that are not given right now have to be given. But, If they occur, everyone will be, many will be willing to speak“He said.
NO SALE RECOMMENDATIONS
Banco Sabadell intensified the messages aimed at its scarce shareholders after holding the Board. Its president, Josep Oliu, highlighted in a letter addressed to the shareholders that Bank dividends in 2025 will be “equal or greater” to the previous year. The banker stressed that the Sabadell “offered the greatest profitability announced by dividend in 2024” of the entire IBEX 35, in addition to being “The only Spanish bank that has no sale recommendation”. There are 21 analysis houses that advise to buy more actions from the entity or maintain those already have.
Thus, with a charge to the results of 2024, Sabadell will have paid cash dividends by a total of 20.44 cents per share, 11% of the contribution of the stock market titles at the end of 2024. Likewise, he recalled that 1,002 million will be allocated to repurchase shares, so that the Sabadell shareholder “will become the owner of a major portion of the capital of the entity. of future dividends maintaining the same shares. “
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