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BBVA Says Merger Block to Delay, Not Reduce Sabadell Savings

Markets

Macarena Munoz Montijano, Neil Campling

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July 8, 2025

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Bloomberg

BBVA SA said the Spanish government’s intervention in its proposed takeover of Banco Sabadell SA will delay but not reduce the deal’s overall cost savings, underlining its determination to pursue a tender offer.

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