BBVA

Spanish economy 10th June 2025

“Sabadell is not a fundamental and irreplaceable operator” concludes CNMC in analysis of BBVA’s takeover bid

Link Securities | The National Markets and Competition Commission (CNMC) concluded in its April report on BBVA’s (BBVA) takeover bid that Banco Sabadell (SAB) “is not a fundamental and irreplaceable operator” in the world of SMEs, and that it is losing market share in this business, according to Expansión and the Efe news agency on Friday. For more than eleven months, the CNMC analysed the impact that the acquisition of…

In Spain 6th June 2025

Pedro Sánchez, “between a rock and a hard place” in BBVA’s takeover bid for Banco Sabadell

Alphavalue/DIVACONS | “An unwanted headache for Prime Minister Pedro Sánchez”. This is how Bloomberg describes the government’s attempts to stop BBVA’s takeover bid for Banco Sabadell. According to the US media outlet, opposing the takeover “seemed like an obvious decision” when it was announced a year ago. However, Bloomberg quotes sources close to Sánchez as saying that the president “is caught between a rock and a hard place, looking for…

In Europe 29th May 2025

Brussels warns it could take Spain to court if BBVA’s Sabadell takeover bid is blocked

Link Securities | The European Commission (EC) is prepared to take the Spanish government to the EU Court of Justice if it dares to block a major EU banking operation worth €15 billion, such as BBVA’s attempt to take over Banco Sabadell. “In that case, we would not hesitate to go to the Court,” Commission sources told this newspaper when asked what their response would be if the Minister for…

In Spain 28th May 2025

Sánchez, pressured by Puigdemont, will decide on BBVA’s Sabadell takeover bid within 30 days

The Minister of Economy, Trade, and Business, Carlos Cuerpo, has finally decided to elevate BBVA’s public takeover bid (OPA) for Banco Sabadell to the Council of Ministers for the integration to be examined for reasons of general interest other than competition. This is a move expected by the market. Now, a period of 30 calendar days begins for the Council of Ministers to issue its opinion on the OPA. The…

Spanish economy 27th April 2025

CNMC could approve BBVA’s Sabadell takeover bid on Monday

Link Securities | The National Markets and Competition Commission (CNMC) expects to approve next Monday, 28 April, its opinion on the takeover bid launched by BBVA for Banco Sabadell (SAB), according to sources close to the process, the Efe news agency reported. The work of the CNMC has been well advanced for weeks and now the result of the market test initiated at the beginning of the month to approve…

Relevant News Item 3rd April 2025

BBVA improves offer again: Sabadell offices and ATMs to be maintained for 36 months

Link Securities | Expansión highlights today that BBVA (BBVA) has improved the commitments for the merger with Banco Sabadell (SAB) that the Competition Authority (CNMC) recommended last week. Thus, BBVA has increased the period of maintenance of SAB’s branches and ATM access from 18 months to 36 months in sparsely populated areas with low incomes or little competition. The bank has also committed to maintaining the volume of credit to…

Relevant News Item 28th March 2025

Competition authority proposes new commitments to BBVA in Sabadell takeover bid

Link Securities | The Spanish National Commission on Markets and Competition (CNMC) board, which met last Monday, has asked BBVA to make new commitments in its takeover bid for Banco Sabadell, mainly in relation to the SME business and financial inclusion issues, according to Expansión newspaper. The CNMC has suggested that BBVA extend the deadlines for the proposed measures on the SME business. The regulator’s experts believe that an 18-month…

Spanish economy 11th March 2025

Securities Market Commission authorises BBVA to offer trading and custody services for bitcoins and ether in Spain

Alphavalue / Divacons | The bank announced yesterday that it has received approval from the Securities Market Commission (CNMV) to offer trading and custody services for bitcoins and ether in Spain. The bank explained that the rollout of this service will initially begin with a small group of users and will be extended in the coming months to all its individual customers in Spain, based on the experience gained in…

Relevant News Item 3rd March 2025

Second adjustment to exchange ratio: 1 BBVA ordinary share and €0.70 in cash for every 5.3456 Banco Sabadell ordinary shares

Renta 4 | BBVA will proceed to adjust the exchange ratio according to the dividends announced by both entities, Sabadell for an amount of €0.12/share to be paid on 28 March, and the payment to be made by BBVA on 8 April (ex-date) for an amount of €0.41/share.The new exchange ratio is set at: 1 newly issued BBVA ordinary share and €0.70 in cash for every 5.3456 Banco Sabadell ordinary…

In the World 20th February 2025

Mexican regulator authorises BBVA to acquire indirect control of Banco Sabadell subsidiary in country

Link Securities | BBVA (BBVA) has received authorisation from Mexico’s National Banking and Securities Commission (CNBV) to acquire indirect control of Banco Sabadell’s (SAB) banking subsidiary in the country, according to Expansión newspaper. The bank now has all the required authorisations from Mexican regulators. This is the last regulatory authorisation BBVA needed in Mexico, as in December it received the go-ahead from the Federal Economic Competition Commission (Cofece). The competition…

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