Apple announces iPhone 17 with 48MP cameras and 6.3-inch display
MADRID - Banco Bilbao Vizcaya Argentaria, S.A. (BME:BBVA) announced Friday it will not issue a prospectus for its voluntary tender offer for Banco de Sabadell, S.A. (BME:SAB), instead publishing an exemption document on its website.
The Spanish National Securities Market Commission (CNMV) authorized BBVA’s offer for the entire share capital of Banco Sabadell today. BBVA stated it is relying on exemptions for exchange offers under European Union regulations regarding the ordinary shares to be issued as consideration to Sabadell shareholders.
The exemption document, published on BBVA’s corporate website, complies with requirements of Delegated Regulation (EU) 2021/528 but does not constitute a formal prospectus. According to the company’s statement, the document does not require review or approval by any supervisory authority and has not been reviewed, approved or filed with the CNMV.
BBVA is utilizing the exemptions set out in Article 1, paragraphs 4(f) and 5(e), of Regulation (EU) 2017/1129 for both the share issuance and their admission to trading on Spanish Stock Exchanges through the SIBE (Spanish Stock Market Interconnection System).
The information was provided through a regulatory filing as other relevant information pursuant to Spanish Securities Market Act requirements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.