BBVA

Companies, Relevant News Item 17th October 2025

Following failure of Sabadell takeover bid for, BBVA to pay interim dividend of €1.8 billion to leave best possible impression

Jefferies | With a low acceptance rate of 25%, BBVA’s takeover bid for Sabadell has reached a deadlock. We now expect management to focus on leaving the best possible impression. This implies the possibility of distributing 15% of market capitalisation in the short term and up to 40% in 2028. We expect the shares to react positively, given the implications that an acceptance level of less than 50% would have…

In Spain 17th October 2025

BBVA Gives Up After Failure of Its Takeover Bid (OPA) for Banco Sabadell, Accepted by Only 25.33% of the Capital

The takeover bid (OPA – Oferta Pública de Adquisición) by BBVA for Banco Sabadell has failed, having been accepted by only 25.33% of the voting shares (25.47% excluding treasury stock), as reported by the two affected entities to the National Securities Market Commission (CNMV). Ultimately, and 17 months after its announcement, BBVA failed to reach the 50% acceptance threshold. It also failed to reach the 30% threshold that would have…

Companies 14th October 2025

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

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…

Companies 9th October 2025

CNMV to announce outcome of BBVA’s Sabadell takeover bid on 17 October

Link Securities | According to the newspaper Expansión, the Spanish stock market regulator, the National Securities Market Commission (CNMV), will announce the outcome of BBVA’s takeover bid for Banco Sabadell on 17 October. The CNMV has announced the indicative timetable for making public the outcome the outcome of BBVA’s takeover bid for Sabadell, whose acceptance period ends this Friday. The supervisor has also issued a warning ‘in view of the…

Companies, Relevant News Item 6th October 2025

BBVA denies reaching agreement with shareholder David Martínez to participate in takeover bid

Alphavalue/DIVACONS | On Friday, the president of the financial institution, Carlos Torres, denied that an agreement had been reached with Banco Sabadell shareholder and director (add Target Price €3.97/share) David Martínez to participate in the takeover bid for the Catalan institution. Martínez has written an article in El País and Cinco Días in which he states that the consolidation of Sabadell and BBVA will result in an institution that is…

Companies 3rd October 2025

One week before deadline for accepting offer, BBVA secures 10% of Sabadell’s capital

Link Securities | Preliminary figures on the percentage of Sabadell shareholders accepting BBVA’s takeover bid suggest that the Basque bank has secured 10% of the Catalan bank’s capital, according to today’s edition of Expansión newspaper. With one week to go before the offer acceptance deadline, BBVA has secured 3.86% from Mexican investor David Martínez and around 30% from index funds, which account for 20% of Sabadell’s capital, and 1% from…

Companies, Relevant News Item 1st October 2025

Sabadell recommends rejecting BBVA’s improved takeover bid, but third-largest shareholder David Martínez accepts it

Bankinter | Banco Sabadell’s (SAB) main arguments are: (1) BBVA’s (BBVA) offer is less attractive than the original because, with the current share exchange (no cash payment), Sabadell shareholders would hold 15.3% of the merged entity (as opposed to 16.2% proposed in May 2024), (2) BBVA’s offer does not reflect Sabadell’s potential value on its own, which would be between €3.8/share and €4.0/share according to its estimates, and (3) the…

Companies, Relevant News Item 30th September 2025

BBVA to pay cash dividend of €0.32 per share on 7 November, once takeover bid for Banco Sabadell settled

Link Securities | BBVA’s Board of Directors has agreed to pay an interim dividend for the 2025 financial year in the gross amount of €0.32 per share in cash, setting the payment date for this amount as 7 November 2025. The main characteristics of the agreed payment are detailed below: • Gross amount per share: €0.32• Last trading date for BBVA shares with the right to participate in the distribution:…

Companies 26th September 2025

CNMV authorises BBVA’s improved Sabadell takeover bid, acceptance period extended until 10 October

Link Securities | On 25 September 2025, the National Securities Market Commission (CNMV) has agreed to authorise the modification of the characteristics of the voluntary takeover bid for Banco Sabadell shares made by BBVA, which was authorised by the CNMV on 5 September 2025. In accordance with the content of the registered documentation, the modification of the offer consists of an improvement in the mixed consideration offered, with a change…

Companies, Ibex 25th September 2025

BBVA admits second takeover bid for Sabadell could compromise capital distribution plan

Alphavalue/DIVACONS | BBVA (BBVA) admits that a second takeover bid for Banco Sabadell (SAB) could compromise its capital distribution plan, according to Expansión. The bank notes the ‘negative impacts’ that a possible second takeover bid for Banco Sabadell, which would be financed with ‘available resources’, would have on its solvency. Meanwhile, Zurich Insurance Group (Add, Target Price CHF 635) notified the National Securities Market Commission (CNMV) that it owns 4.947%…

1 2 3 … 17 »