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BBVA has presented an offer to Banco Sabadell shareholders, offering to exchange one BBVA share for every 4.83 Banco Sabadell shares
The transaction aims to combine two large complementary entities into a new bank with greater scale and the capacity to capture synergies.
PURPOSE OF THE TRANSACTION
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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.
