The BBVA Board of Directors has agreed to improve the offer to Banco Sabadell shareholders by 10 percent. In addition, the consideration will now be entirely in shares, so shareholders with capital gains would not be subject to taxation in Spain, if acceptance exceeds 50 percent of Banco Sabadell’s voting rights, as the transaction would qualify as tax neutral in that case.

BBVA shareholders showed overwhelming support for all of the items proposed on the agenda at the 2025 Annual General Meeting, held this Friday. Quorum for the meeting reached 72.9 percent– an all-time high. The bank’s corporate management in 2024 received the support of 98.9 percent of the shareholders. Furthermore, the re-election as board members of BBVA Chair, Carlos Torres Vila, and CEO, Onur Genç, was backed by 97.4 percent and 99.1 percent of the votes, respectively.