Archive · 28 Jul 2025
Sabadell CEO Rejects BBVA Bid, Doubting Spanish Banking Merger
The CEO of Banco Sabadell doesn't think BBVA's offer to buy his bank is good enough.
BBVA offered to buy Sabadell's shares, but the price is too low, and Sabadell's stock has become more valuable.
The Spanish government also has concerns about the deal.
Sabadell is also selling its UK unit and plans to give money back to its shareholders.
BBVA hasn't given up yet, but it's sticking with its original offer despite facing obstacles.
Sabadell's CEO says BBVA's acquisition offer is too low.
Sabadell shares have risen significantly since the initial offer.
The Spanish government has expressed reservations about the deal.
Sabadell is selling its UK unit and plans to return capital to shareholders.
BBVA is currently maintaining its offer despite government conditions.
- Who
- Banco Sabadell (CEO Cesar Gonzalez-Bueno) and BBVA (Chairman Carlos Torres), and the Spanish government are involved.
- What
- BBVA's acquisition offer for Banco Sabadell is being contested.
- When
- The offer was made in May 2024, and the current situation is ongoing.
- Where
- Spain.
- Why
- The CEO of Sabadell thinks the offer price is too low, and the government has concerns.
Sabadell's Stance
BBVA's Stance
Valuation of the Offer
Sabadell's Stance
The offer from BBVA is too low, and it's not in the best interest of Sabadell's shareholders.
BBVA's Stance
BBVA believes its offer is fair, despite challenges.
Synergies and Integration
Sabadell's Stance
They believe the integration of the two banks would not be ideal.
BBVA's Stance
BBVA wants to integrate the bank but has concerns about share prices.
- Sabadell's Market Value
- €15.6 billion
- BBVA's Offer Value
- Around €13.6 billion
- Sabadell Share Rise
- 70% since April 2024
- BBVA Share Gain
- 20% since April 2024
- Sabadell UK Unit Sale
- TSB
- Payout to Shareholders
- €6.3 billion