The CEO of Banco Sabadell, César González-Bueno, said yesterday that BBVA’s public acquisition (OPA) offer on the Catalan entity “remains derailled” because it maintains a “general rejection.” The CEO advanced that there is not only a “generalized rejection” by the economic actors, but that the action of BBVA “has lost value to be currency” in the operation. González-Well made these statements after the presentation of the results of the first quarter, during which the bank increased its net benefits by 58.6% year-on-year, until reaching 489 million euros, promoted by the evolution of commercial activity, the improvement of the quality of the assets and a decrease in provisions. At a time when the bank tries to gain attractiveness in front of its shareholders, given the possibility that they have to decide whether they accept the exchange of titles proposed by the BBVA, the Sabadell also announced that since in the first quarter it has generated capital at a higher speed than the announced will dedicate this year 100 million euros more to remuneration. In total, the expected distribution charged to the results of 2025 will be 1.3 billion euros between cash dividends and shares.
Given the opposition to the operation, the country manager From BBVA in Spain, Peio Belausteguigoitia, regretted that Caixabank’s OPA years ago did not cause “so much media stir” despite creating the greatest financial entity in Spain, and guaranteed that the one they raise about Sabadell has commitments and defended, above all, the conditions promised to SMEs.
