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BBVA presents offer to Banco Sabadell shareholders

BBVA has presented an offer to Banco Sabadell shareholders, offering to exchange one newly issued BBVA share for every 5.0196 Banco Sabadell shares, plus an additional €0.29 in cash.

Under the terms of the offer of May 9, 2024, the original exchange rate—1 newly issued BBVA share for every 4.83 Banco Sabadell shares—has been revised. The adjustment accounts for Banco Sabadell's dividend payment of €0.08 per share on October 1, 2024, altering the exchange rate to 1 BBVA share for every 5.0196 Banco Sabadell shares. In addition, as a result of BBVA's dividend payment of €0.29 per share on October 10, 2024, the offer now includes a cash payment of €0.29 for every 5.0196 Banco Sabadell shares exchanged.

PURPOSE OF THE TRANSACTION

1.

Greater scale in Spain to become a more competitive bank.

2.

Combine highly complementary businesses.

3.

Capture substantial synergies.

4.

Create a stronger and more profitable franchise, with more capacity of investment.

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Por qué es interesante para accionistas BBVA 21 octubre 24 english desktop

Useful contents

Throughout its history, BBVA has played a prominent role in the economic and social development of Spain, propeling its progress and constantly adapting the bank in order to be at the forefront of innovation and technology. Since it was first established in the mid-19th Century (1857), BBVA has been known for being a visionary bank, with the ability to anticipate the trends that will change the financial industry and the future needs of its customers. Some of its noteworthy milestones include financing the construction of the Madrid subway system; being the first bank to allow women to do their banking without the permission of a legal guardian through the creation of the  Women’s Bank; and being the first bank to introduce credit cards as a payment method. A track record that has established BBVA as a crucial ally to face future challenges and thus encourage economic growth and the transformation of businesses.