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Only 2.8% of retail shareholders with shares deposited at Banco Sabadell accept BBVA’s takeover bid

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bbva sabadell

Posted By: The Corner 14th October 2025

Bankinter | Only 2.8% of retail shareholders who have their shares deposited at Banco Sabadell (SAB) accept BBVA’s takeover bid (BBVA).

Bankinter analysis team’s view: This is a very low percentage, implying acceptance of only ~1.1% of the capital, as these shareholders represent ~30.8% of Sabadell’s share capital. We do not yet know the percentage of acceptance among retail investors who have their shares deposited with other entities and among institutional investors (~60.0% of SAB’s capital).

In short, based on the information currently available, it seems unlikely that BBVA will obtain >50.0% of the voting rights.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.