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Spain's BBVA bank to start Sabadell offer Monday
Spain's BBVA bank to start Sabadell offer Monday
Economy
by  AFP

Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light. The CNMV stock market regulator ruled that BBVA will have 30 days, beginning on September 8, to get enough Sabadell shareholders to accept the proposal.

Seizing Russian assets would risk 'terrible systemic shock' to euro: Belgian FM
Seizing Russian assets would risk 'terrible systemic shock' to euro: Belgian FM
Economy
by  AFP

Seizing Russian central bank assets immobilised in the 27-nation EU over the Ukraine war risks inflicting major damage on Europe's economy, Belgian Foreign Minister Maxime Prevot told AFP Friday. The EU froze some 200 billion euros of Russian central bank assets after the 2022 invasion of Ukraine, the vast majority of which are held by the international deposit organisation Euroclear in Belgium.