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BBVA Sticks With Its Sabadell Takeover Bid Despite TSB Sale

Summary by Bloomberg
BBVA SA has decided to maintain its takeover offer for Banco Sabadell SA despite investor backing for the rival’s decision to sell its UK unit TSB.

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BBVA continues with the public offer of acquisition (OPA) on the Sabadell Bank and hopes that the shareholders of the Catalan entity can decide in September if they accept their offer of purchase, which goes through the exchange of shares, as reported this Monday to the National Securities Markets Commission (CNMV). In this way, BBVA clears the doubt of the last few weeks if it finally withdrew its offer because it was not willing to improve it …

·Madrid, Spain
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Lean Right

BBVA goes to the end with the opa on Banco Sabadell. Neither the sale of the British subsidiary TSB nor the macrodividend of 2.5 billion, all approved in the shareholders’ meeting of the Catalan entity a few days ago, have been able to knock down the operation. “Once analyzed the agreements adopted and considering the information available, BBVA has decided not to desist from the offer for this reason and, therefore, the same one remains in forc…

·Spain
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Lean Left

He assures that "after analyzing the agreements adopted" by the Catalan bank keeps the offer "as planned", but does not clarify if it will increase the priceBBVA admits the risk of not reaching the "benefits" expected with the OPA on Sabadell after the sale of its British subsidiary The BBVA bank has decided to continue with the offer of purchase (OPA) by Banco Sabadell, although a few days ago it assumed its doubts about the operation, after th…

·Spain
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Lean Left

The entity of Carlos Torres expects to have the approval of the CNMV in early September

·Spain
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The sale of Sabadell from its British subsidiary TSB Banking to Santander does not change BBVA’s plans and its hostile takeover bid (OPA), to become the Spanish bank headed by Josep Oliu. According to the financial institution headed by Carlos Torres Vila, after analyzing the agreements adopted and considering the information available, it has decided not to desist from the OPA for this reason and, therefore, it remains in force. On August 6, by…

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elcorreoweb.es broke the news in on Monday, August 11, 2025.
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