Banco Sabadell has brought together more than 1,500 people from the entity at its annual meeting of directors, which took place this Thursday in Barcelona. The meeting, which represents one of the most significant moments of the year for the entity, was led by the president, Josep Oliuand the CEO, César González-Bueno.
The meeting takes place in the middle of the takeover process that BBVA launched on May 9 to take over the Vallesan entity. The operation is currently in the hands of the National Markets and Competition Commission (CNMC), which decided to elevate the analysis to phase 2 to evaluate the requirements and conditions in greater depth.
The CNMV also has to approve the takeover prospectus, although its outgoing president, Rodrigo Buenaventuraconfirmed a few days ago that he will not make a statement until he hears the Competition ruling to guarantee that Banco Sabadell shareholders have all the information at their disposal before deciding.
The Vallesan entity is therefore waiting for both supervisors and is taking advantage of events like this Thursday to exhibit unity and send a message of strength to the market. On this occasion, the motto of the event was “our team is our power” and during its development, both Oliu and González-Bueno have highlighted the commitment of all the people who are part of the bank and have valued the project of the solo group.
Meanwhile, the entity’s shares have continued to garner the support of investors in the Ibex 35. In this Thursday’s session, the shares have appreciated by 1.46%, which has placed their value at 1.905 euros and their capitalization at 10,364 million euros. So far this year, the bank has accumulated a comeback of 82%.