Asahi shares mark weekly slide after cyberattack halts production
MADRID - Banco Bilbao Vizcaya Argentaria (BMAD:BBVA) announced Thursday it has published a supplement to its exemption document related to its voluntary tender offer for Banco de Sabadell (BMAD:SAB), following an improvement in the offer terms.
The supplement follows BBVA’s amendment to its offer consideration announced on September 22, 2025, which was authorized by Spain’s Securities Market Commission (CNMV) on Thursday. The improved offer consists entirely of newly issued BBVA ordinary shares at an exchange ratio of one BBVA share for every 4.8376 Banco Sabadell shares.
BBVA confirmed it is relying on exemptions for exchange offers under European regulations, specifically Article 1, paragraphs 4(f) and 5(e) of Regulation (EU) 2017/1129, and will not issue a prospectus.
The bank initially published an exemption document on September 5, 2025, when the CNMV authorized the original tender offer. The supplement to this document is now available on BBVA’s website.
According to the company’s statement, the supplement does not require review or approval by any supervisory authority and has not been reviewed, approved, or filed with the CNMV.
The tender offer targets the entire share capital of Banco Sabadell, with the consideration to be paid entirely in newly issued BBVA shares that will be admitted to trading on the Spanish Stock Exchanges.
This information was provided in a regulatory filing to comply with Spanish securities market regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.