REG - Banco Bil.Viz.Argent - BBVA's decision on the takeover bid for Sabadell

Banco Bilbao Vizcaya Argentaria SAAnnouncement

30/06/2025 17:45

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RNS Number : 0671P  Banco Bilbao Vizcaya Argentaria SA  30 June 2025

Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), in compliance with the
Securities Market legislation and further to the disclosure of inside
information dated June 24, 2025 (with registration number 2791), hereby
communicates the following:

 INSIDE INFORMATION

In relation to the voluntary tender offer launched by BBVA for the entire
share capital of Banco de Sabadell, S.A. (the "Offer"), for which the prior
announcement was published as inside information on May 9, 2024 (with
registration number 2241) and the request for authorisation was submitted to
the Spanish Securities Market Commission (CNMV) on May 24, 2024, BBVA hereby
informs that:

On June 24, 2025, the Council of Ministers reported the resolution adopted on
the same day authorizing the economic concentration resulting from the Offer,
subject to an additional condition to those commitments already submitted by
BBVA and included in the resolution of the National Commission on Markets and
Competition dated April 30, 2025. The full resolution issued by the Council of
Ministers is available at this link
(https://portal.mineco.gob.es/RecursosArticulo/mineco/economia/gum/articulos/240625%20ACM%20Concentraci%C3%B3n%20BBVA%20SABADELL.pdf)
(in Spanish).

The aforementioned resolution of the Council of Ministers brought to an end
the merger control procedure in Spain, with BBVA having the right to withdraw
the Offer pursuant to Article 26.1(c) of Royal Decree 1066/2007, of 27 July,
on tender offer rules, given that the authorization granted is subject to a
condition.

After reviewing said resolution, BBVA has decided not to withdraw the Offer
and, therefore, it remains in effect in accordance with the applicable
regulations.

 

Madrid, June 30, 2025

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