Carlos Torres takes a risk in the great paradox of the takeover bid

When BBVA launched its takeover bid for Banc Sabadell, the financial sector unanimously expressed: "Poor Carlos Torres, if he fails the second time." It was the spring of 2024, and the Catalan power houses were remembering the failed attempt by the BBVA chairman in 2020. At that time, in the midst of the Covid crisis, the Catalan bank had hit rock bottom, with the share price at 26 cents, and the Biscayan bank wanted to buy it.