Overview

• Spain’s CNMV reported BBVA’s hostile offer for Banco Sabadell was accepted by about 25% of capital and 25.47% of voting rights, far below the thresholds needed for control or a mandatory follow-up bid.
• BBVA chairman Carlos Torres said there is no possibility of returning with another proposal for Sabadell and emphasized execution of the bank’s standalone strategy.
• The European Commission confirmed its infringement procedure against Spain over the government’s handling of the attempted takeover remains active.
• Joan Laporta told Barcelona’s members that UEFA sought to bar the club from this season’s Champions League, a sanction he says was reduced after arguments linked to the club’s non–public company status.
• Barcelona’s annual report shows €159 million in transfer liabilities with roughly €140 million due this season, and the Camp Nou will reopen in phases to 62,500 spectators before year-end with full completion targeted for December 2027.