Overview
- Shareholders decisively rejected BBVA’s 17‑month takeover offer for Banco Sabadell.
- President Josep Oliu said the bank will not pursue further acquisitions, dismissing the idea of another operation.
- Oliu said the sale of UK unit TSB fetched roughly twice what Sabadell paid, reinforcing its domestic focus.
- Sabadell plans to distribute €6.45 billion—about 40% of the bank’s value—including an extraordinary dividend linked to the TSB sale.
- Opinion commentary notes that, despite Sabadell’s stand‑alone course, pressure for European banking consolidation remains.