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BBVA's Hostile Takeover Fails; Shares React Differently

10/18/2025

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Summary

Story summary

BBVA's €16.32 billion hostile takeover bid for Sabadell failed after an 18-month battle.
Sabadell shareholders tendered only 25.47% of voting rights, short of the required support.
Following the setback, BBVA shares rose 5.7% while Sabadell's fell 6.5%.
BBVA Chair Carlos Torres said the company will continue its strategic plan, including a €1 billion buyback and a record interim dividend of €0.32 per share.

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Story summary

BBVA's €16.32 billion hostile takeover bid for Sabadell failed after an 18-month battle.
Sabadell shareholders tendered only 25.47% of voting rights, short of the required support.
Following the setback, BBVA shares rose 5.7% while Sabadell's fell 6.5%.
BBVA Chair Carlos Torres said the company will continue its strategic plan, including a €1 billion buyback and a record interim dividend of €0.32 per share.