Bbva has announced that its shareholders and those of Sabadell who will confer their shares in thehostile takeover bid receive a record interim dividend based on the results of 2025, thus trying to convince investors just as the terms of the offer, currently worth 16,86 billion euros, are approaching.
Spain's second-largest bank plans to distribute 0,32 euros per share on November 7, therefore after the October 10 deadline, reflecting, he says in a note, "the improvement in earnings and the strengthening of BBVA's capital position". This represents a del% increase 10,3 This is higher than the dividend paid in 2024 and marks the highest interim dividend in BBVA's history. Sabadell shareholders who tender their shares will be eligible to receive this dividend, as payment will occur after the settlement of the public offering, he added.
The dividend announcement comes just today, when Sabadell prepares to meet analysts and investors later to discuss the offer. Sabadell shareholders have time until 10st October To accept or reject. BBVA is offering one ordinary share for every 4,8376 ordinary shares of Banco Sabadell. This values the bank at approximately €16,9 billion, a premium of 1,9% over Sabadell's market value yesterday.
The Spanish bank is in the final phase of its takeover attempt which has been dragging on for May of last year, when he first submitted his offer. This month increased the offer by 10%, effectively ruling out a further increase or extension. The CEO Cesar Gonzalez-Bueno He said in a Spanish radio interview earlier this month that the new offer was still “negative” and that investors should not accept it.
