BBVA Makes Voluntary Tender Offer for Banco de Sabadell SA

BBVA, a major Spanish bank, has made a voluntary tender offer for the entire share capital of Banco de Sabadell SA, a Spanish financial institution.

Details of the Offer

The offer has been adjusted twice: first to account for the final dividend of 2024, and now again to reflect the interim dividend paid by Sabadell to its shareholders.

Terms of the Offer

• BBVA is offering one of its shares and 0.70 euros in cash for every 5.5483 Sabadell shares.

Background

This move is seen as a significant development in the Spanish banking sector, with implications for the future of Banco de Sabadell.

Key Facts

• Banco de Sabadell SA is a Spanish financial institution.
• BBVA is a major Spanish bank.
• The offer is a voluntary tender offer for the entire share capital of Banco de Sabadell SA.