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BBVA Chairman on Sabadell Bid, Second Offer Possibility
BBVA Chairman Carlos Torres discusses the company's bid for Banco Sabadell and the "hypothetical scenario" in which BBVA would launch "a second offer" should the current tender offer attract less than 50% in Sabadell. BBVA is in the final days of its €17 billion ($20 billion) takeover bid, with the acceptance period for Sabadell investors running until Oct. 10. Torres speaks exclusively with Bloomberg's Kriti Gupta.
00:00 - BBVA Chairman on bid for Sabadell
02:00 - BBVA's Carlo Torres on possibility, plans in case 50% is not reached
03:19 - What a second offer could look like
05:55 - Sabadell's dividend promise to shareholders
07:50 - 2028 targets, returns, appreciation, generating returns
09:28 - Hypotetical impact on shareholders if BBVA goes resorts to second offer for Sabadell
11:37 - David Martinez's tendering, conversations with Sabadell shareholders, investors
13:19 - Tender offers from institutional investors
15:01 - Sabadell's leadership
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Published Oct 3, 2025