Sabadell Says Vast Majority of Its Clients Rejected BBVA Bid

BloombergTuesday, October 14, 2025 at 6:01:43 AM
Sabadell Says Vast Majority of Its Clients Rejected BBVA Bid
Banco Sabadell has announced that a significant majority of its clients who are also shareholders have rejected BBVA's $19 billion takeover bid. This rejection raises concerns about whether BBVA can secure the necessary support to surpass the 50% threshold for the acquisition. The outcome is crucial as it could impact the future of both banks and the competitive landscape in the financial sector.
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