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BBVA said the takeover could make it difficult to retain “key personnel” and clients.

The entity acknowledged in an updated takeover prospectus filed with the SEC that the acceptance period could have “adverse effects.” As of June, the company had a total of 123,395 employees worldwide.

BBVA a glimpse of the new risks triggered by hostile takeovers Sabadell. The bank is chaired by Carlos Torres realizing that the operation could have various negative impacts, for example on its staff and clients.

BBVA believes that “uncertainty

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