BBVA announced on September 22, 2025, that it has raised its takeover offer for Sabadell by 10%, dropping a cash component and improving terms for an all-stock offer. The updated proposal translates to one new BBVA share for every 4.8376 Banco Sabadell shares, valuing the deal at $20 billion.
This revised offer is a strategic move by BBVA to entice Sabadell's shareholders before the October 7 deadline to accept its hostile bid. BBVA explicitly stated it would not make further improvements to the bid or extend the deadline, signaling a firm stance.
For investors, this indicates BBVA's strong commitment to creating Europe’s third-largest bank by assets. The increased offer and firm deadline aim to accelerate the acquisition process, potentially leading to significant market consolidation and operational synergies for BBVA.
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