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2h ago

BBVA Adds €0.32 Interim Dividend to Sweeten Sabadell Takeover Bid Ahead of Oct. 10 Deadline

The payout is timed for Nov. 7 to reward Sabadell investors who tender into BBVA’s share swap before the offer settles.

Archivo - La presidenta del Banco Santander, Ana Botín, a 5 de febrero de 2025, en Boadilla del Monte, Madrid (España).
Sede del BBVA en Madrid
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Overview

  • BBVA approved a €0.32 per‑share interim cash dividend, described as its largest in recent years, with payment scheduled for Nov. 7, 2025.
  • The bank said Sabadell shareholders who accept the exchange will receive the dividend because payment is set after settlement, and the payout is contingent on the offer proceeding.
  • Sabadell’s board meets today to evaluate the improved proposal and is widely expected by local media to advise rejection, with its recommendation due after the market close.
  • BBVA’s revised offer equates to 1 BBVA share for every 4.8376 Sabadell shares, about a 10% improvement and now a pure share swap, with the acceptance period ending Oct. 10 and results to be published within five business days by the CNMV.
  • Market reports say the initial bid drew weak interest, prompting BBVA’s sweeteners, while rival Santander lifted its own interim cash dividend to €0.115 per share payable from Nov. 3.