The Ibex 35 falls almost 0.4% at the opening but maintains 11,100 points after BBVA's hostile takeover bid

MADRID, 9 May.

The Ibex 35 falls almost 0.4% at the opening but maintains 11,100 points after BBVA's hostile takeover bid

MADRID, 9 May. (EUROPA PRESS) -

The Ibex 35 began this Thursday's session with a fall of 0.39%, which brought it to 11,109 points, on a day in which the markets will focus on Spanish banking, after launching BBVA a hostile takeover bid (OPA) for 100% of Banco Sabadell.

This operation occurs after the rejection of this entity to a friendly proposal.

BBVA offers Sabadell shareholders an exchange of one new title for every 4.83 of Sabadell, the same offer that it had proposed last week to the board of directors of the Catalan entity, so the 30% premium on the closing price of both entities on April 29; 42% on the weighted average prices of the last month; and 50% on the weighted average prices of the last three months.

Precisely, in the early stages of this Thursday's session, the biggest increase within the Ibex 35 was recorded by Banco Sabadell (6.89%), followed by Amadeus (1.14%), Merlin Properties (0.93%). and Repsol (0.89%). On the opposite side were BBVA (-4.9%) and Telefónica (-0.74%).

In the business field, marked by the publication of business results, Telefónica reported before the market opened that it registered a net profit of 532 million euros in the first quarter of the year, which represents an increase of almost 79% in compared to 298 million euros in the same period of the previous year.

Under the macroeconomic umbrella, the Spanish Public Treasury will return to the markets with an auction of State bonds and obligations, in which it hopes to place between 5,750 million and 7,250 million euros.

The main European stock markets opened this Thursday with a positive sign, with increases of 0.19% for Milan, 0.18% for Frankfurt, 0.1% for London and 0.01% for Paris.

At the opening of the stock market, the price of a barrel of Brent quality oil, a reference for the Old Continent, rose 0.41%, to 83.92 dollars, while that of Texas stood at 79.42 dollars , 0.54% more.

In the foreign exchange market, the price of the euro against the dollar advanced to 1.0740 'greenbacks', while in the debt market the interest required on the 10-year Spanish bond climbed to 3.261%.

NEXT NEWS