Overview

• BBVA president Carlos Torres and Banc Sabadell chairman Josep Oliu appeared together at Luis Conde’s traditional civet in Catalonia, where the takeover dominated conversation.
• Reports from the event indicate Friday is the final day for shareholders to accept BBVA’s offer.
• Attendees said Oliu questioned whether acceptances would reach 30%, while Torres forecast a level well above 50%.
• The bid, launched in April 2024, proceeds as a hostile operation opposed by Sabadell’s board, trade unions, business associations, and regional and national governments.
• Around 500 business and political figures attended, and host Luis Conde called for political dialogue, citing corporate collaboration as a model.