BBVA Pursues Takeover of Banco Sabadell, May Raise Offer by €0.20 to €0.40 per Share Amid €1.7 Billion Profit Target

BBVA is pursuing a takeover bid (OPA) for Banco Sabadell, which has garnered positive assessments from Bank of America, stating that the acquisition would be beneficial for both entities. BBVA's CEO, Torres, has emphasized that the takeover is advantageous for clients, employees, shareholders, and society at large. Additionally, it is reported that BBVA may increase its offer for Sabadell by between €0.20 and €0.40 per share. In response to the bid, Banco Sabadell is reportedly aiming for a profit of €1.7 billion to counter the takeover attempt.