BBVA decided not to withdraw offer for Banco Sabadell

BBVA (BBVA) says it has decided not to withdraw its offer for Banco de Sabadell (BNDSF). The company said, “On August 6, 2025, the Extraordinary General Shareholders’ Meetings of Banco Sabadell approved the transaction for the sale of all the shares of its subsidiary TSB Banking Group plc and other equity instruments and securities issued by such company to Banco Santander, S.A., subject to certain conditions precedent, as well as the distribution of an extraordinary cash dividend in the gross amount of 50 euro cents per share charged against freely distributable voluntary reserves, conditional upon the completion of such sale transaction.”