May 17, 2024 8:14 am
Sabadell drives Ibex up by 0.38% with 6.6% increase from BBVA merger

On Thursday, the Ibex 35 stock market saw an increase, reaching 10,900 points. This was driven by Banco Sabadell’s proposed merger exchange offer from BBVA. The index began at 10,896 points, up 0.38%, recovering from losses suffered on Tuesday.

Banco Sabadell led the gains on the Ibex 35, rising initially by 8% before settling at a 6.65% increase. BBVA saw losses of almost 2%. The merger offer by BBVA to Banco Sabadell included a 30% premium, leading to significant market movements for both banks.

Other notable gainers on the Ibex 35 included Aena, Solaria, Unicaja Banco, and Grifols. Meanwhile, Rovi and Repsol faced losses alongside BBVA. The market was also influenced by the Federal Reserve’s decision to keep interest rates unchanged and delay any future cuts. This led to stable oil prices and bond yields, with the euro slightly rising.

In addition to market news, there were various articles discussing the benefits and tips for choosing the right aesthetic services and properties for sale. These topics covered a range of factors to consider when making important decisions in these areas.

Overall, Thursday’s session on the Ibex 35 was characterized by market volatility due to the proposed merger exchange offer by BBVA and other external factors such as interest rate decisions by the Federal Reserve and global economic trends.

As a journalist covering this story, it is important to provide readers with a clear understanding of what happened on Thursday’s session of the Ibex 35 stock market and how it may affect investors in Spain and beyond in the days ahead.

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