BBVA-Sabadell takeover bid, live | Carlos Torres appears to explain the future of BBVA after the failure of the operation
The president of BBVA, Carlos Torresappears from 9:00 a.m. to explain the future of the entity after its takeover bid for Banco Sabadell failed this Thursday. BBVA has barely achieved a 25.47% of voting rightsequivalent to 25.33% of the capital, which in practice prevents the operation from going ahead, as it does not reach the minimum limit set by the offeror. “The public offer has had a negative result as the minimum limit set by the offeror for its validity has not been reached and, in accordance with the provisions of the brochure of the offer, since this minimum cannot be waived to the extent that the number of Banco Sabadell shares that have accepted the offer represents a percentage less than 30% of their voting rightsexcluding treasury shares,” the entity explained in the statement sent by the National Securities Market Commission (CNMV).
10/17/2025
Torres appears at 9:00 a.m.
The president of BBVA, Carlos Torres, appears starting at 9:00 a.m. to explain the future operations of the entity, which this Wednesday already announced a “significant share buyback” after the failure of the takeover bid for Banco Sabadell.
