BBVA announced on August 12, 2025, its decision to maintain its takeover offer for Banco Sabadell. This commitment comes despite investor backing for Sabadell's decision to sell its UK unit TSB, a move that could complicate BBVA's hostile bid.
Sabadell's shareholder meeting recently supported the TSB sale to Banco Santander, which is expected to result in a dividend of approximately 2.5 billion euros ($2.9 billion). This divestment by Sabadell was seen by some as a tactic to fend off BBVA's acquisition.
BBVA's resolve to proceed with its offer signals its strong belief in the strategic value of acquiring Sabadell, even with these new complexities. For investors, this indicates that BBVA is determined to achieve the scale and market position it seeks through the acquisition.
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