BBVA and Sabadell Clash Over Merger as Shareholders Decide
BBVA and Banco Sabadell are locked in a public dispute as the deadline for BBVA's voluntary tender offer (OPA) on Banco Sabadell approaches on October 14, 2025. Both banks have traded accusations, leaving the final decision to Banco Sabadell's 200,000 minority shareholders.
The controversy centers around BBVA's OPA, which was initiated earlier this year. BBVA has accused Banco Sabadell of not providing adequate information to shareholders, hindering their ability to make informed decisions about the offer.
Banco Sabadell, however, has countered, alleging that BBVA's offer undervalues the bank and is not in the best interests of its shareholders. The bank has encouraged its minority shareholders to reject the offer.
As the acceptance period for BBVA's OPA nears its end on October 14, 2025, all attention is on the 200,000 minority shareholders of Banco Sabadell. Their decision will shape the future of the proposed merger between the two Spanish banking behemoths.
