European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

BBVA/Sabadell: Trading Above Terms After Government Imposes Integration Freeze

BBVA/Sabadell: Potential BBVA Bump, TSB Dividend Catalyst, and Positioning Via Equity and Options

BBVA/Sabadell Update: TSB Sale Shifts Dynamics, Adds Dividend Optionality

Under Review: Banking on Politics in BBVA’s Bid for Sabadell

BBVA’s Hostile Offer for Sabadell Moves into Final Phase: The Catalan Conundrum

Cabinet Clause: Political Hurdles in BBVA’s Takeover of Sabadell

Event-Driven

<ul>
<li>Sabadell is exploring a sale of TSB amid BBVA’s hostile bid, with offers in the €2.0–2.35B range.</li>
<li>A sale at those levels would imply a small capital loss, not a gain, in my view.</li>
<li>Strategic value remains: a divestment could disrupt BBVA’s plans, raise cash, or fund returns.</li>
</ul>


Sabadell is exploring a sale of TSB amid BBVA’s hostile bid, with offers in the €2.0–2.35B range.
A sale at those levels would imply a small capital loss, not a gain, in my view.
Strategic value remains: a divestment could disrupt BBVA’s plans, raise cash, or fund returns.


TSB: Divestment as a Defensive Lever in Sabadell’s BBVA Saga

Banco De Sabadell SA

TSB: Divestment as a Defensive Lever in Sabadell’s BBVA Saga