BBVA sweetens hostile takeover bid for Banco de Sabadell

Published 22/09/2025, 09:22
© Reuters

Investing.com -- Spain’s BBVA has improved its hostile takeover offer for rival Banco de Sabadell, raising the value of the all-stock deal to €17.04 billion ($20.02 billion).

BBVA announced Monday that it is now offering to exchange one BBVA share for every 4.8376 ordinary Sabadell shares. This represents an enhancement from its previous offer, which proposed one BBVA share and €0.70 in cash for every 5.5483 Sabadell shares.

Based on Friday’s closing prices, the new terms value each Sabadell share at €3.39, up from the €3.08 per share valuation under the previous terms. Sabadell shares closed at €3.34 on Friday.

The Spanish banking giant opened its hostile takeover directly to Sabadell’s shareholders earlier this month after Sabadell’s board rejected the previous offer.

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