Sabadell reports low acceptance of BBVA’s $19 billion takeover bid

Published 14/10/2025, 07:14
© Reuters.

Investing.com -- Banco de Sabadell SA (BME:SABE) announced Tuesday that only 2.8% of its shareholders who are also clients have accepted BBVA SA’s $19.07 billion hostile takeover bid.

This represents just 1.1% of Sabadell’s total share capital, according to a regulatory filing published by the Spanish bank.

The shareholders who participated in this partial recount account for 30.8% of the bank’s capital.

The low acceptance rate among Sabadell’s client-shareholders could potentially raise doubts about whether BBVA will reach the 50% threshold needed for the takeover to succeed.

Approximately 40% of Sabadell’s capital is held by retail shareholders, and around 80% of these retail investors are also clients of the bank.

BBVA’s offer values Sabadell at 16.48 billion euros ($19.07 billion).

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