(Bloomberg) — BBVA SA has decided to maintain its takeover offer for Banco Sabadell SA despite investor backing for the rival’s decision to sell its UK unit TSB. “After reviewing the resolutions adopted” by Sabadell’s shareholders regarding the TSB sale, “BBVA has decided not to withdraw the offer,” it said in a statement on Monday. The bid “remains in effect.” Sabadell held a shareholder meeting last week which supported the TSB sale to Banco Santander SA, announced in July. That sale will result in an extraordinary dividend of about €2.5 billion ($2.9 billion). BBVA previously maintained the offer after the Spanish government said the lender can’t integrate Sabadell for several years if it the deal happens, potentially making it harder to extract the cost savings that typically make acquisitions worthwhile. BBVA Chief Executive Officer Onur Genc previously left the door open to walking away from the deal if he thinks it no longer makes sense. BBVA, whose formal name is Banco Bilbao Vizcaya Argentaria SA, made an unsolicited bid for Sabadell in May last year, which was quickly rejected by the takeover target. The move also sparked political opposition, with Spain’s government arguing that a deal would raise competition issues. Spain’s second largest lender has offered one newly-issued share and €0.70 in cash for each 5.3456 ordinary shares of Sabadell. That valued Sabadell at around €16.6 billion at Monday’s prices, compared with a market value of €17.6 billion. BBVA has said it expects to start the acceptance period of its takeover bid in early September. A combination of the two banks would create a new behemoth in the country. BBVA is Spain’s second-largest bank by assets and Sabadell is its fourth-largest one. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
BBVA continues to pursue its acquisition bid for Sabadell, even after the sale of TSB.
