Tag:

Bbva

BBVA posts record profit after Sabadell bid collapse

Spain’s banking giant BBVA on Thursday reported a record annual profit, brushing aside the turbulence caused by its failed hostile takeover bid for domestic rival Banco Sabadell.

05 Feb 2026-15:29
Spain's BBVA launches bid to acquire Sabadell for €14.8 billion

Spain’s banking giant BBVA officially kicked off its €14.8 billion ($17.34 billion) hostile takeover attempt of smaller rival Sabadell on Monday, marking the start of the deal’s acceptance period.

08 Sep 2025-11:26
Sabadell shareholders approve TSB sale, pave way for $2.9B dividend

Sabadell shareholders have unanimously approved the sale of its UK unit TSB to Santander for £2.65 billion, a move widely seen as a strategic defense against BBVA's hostile takeover attempt. The decision also clears the way for a €2.5 billion ($2.9B) special dividend.

06 Aug 2025-17:53
Spain broke EU rules by blocking BBVA-Sabadell merger

The European Commission has warned Spain that it violated EU banking and single market rules by intervening in BBVA’s hostile takeover of Banco Sabadell, escalating tensions over national interference in cross-border mergers.

17 Jul 2025-16:45