Mexican investor David Martinez sells 1.6% stake in Sabadell

Banco Bilbao Vizcaya Argentaria SA

21/07/2026 08:27

    MADRID, July 21 (Reuters) - David Martinez, one of Banco Sabadell's SABE.MC largest shareholders who stepped down from the Spanish lender's board last year, has sold a stake of nearly 1.6% in the bank, according to stock market supervisor data reviewed by Reuters on Tuesday.
Following his disposal of the 1.558% stake in Sabadell, Martinez still retains a 1.937% holding in Spain's fourth-biggest lender - worth around €300 million ($343 million)at Monday's closing price.
Neither the price of the transaction nor the identity of the buyer or buyers has been disclosed. 
Martinez was the largest individual shareholder who signalled he would accept the hostile takeover offer for Sabadell launched by larger rival BBVA BBVA.MC, which ultimately failed. 
The remainder of Sabadell's board had told shareholders to reject the revised offer of around €17 billion, arguing it still undervalued the bank.

($1 = 0.8753 euros)


 (Reporting by Jesús Aguado; Editing by David Latona and)
 ((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net))