Madrid (Reuters) – The Spanish Bank BBVA said Tuesday that its shareholders and those of Sabadell who will bring their titles to its hostile offer on its Spanish competitor will receive a record interim dividend for the 2025 results.
The shareholders concerned will receive a deposit on gross dividend of 0.32 euros per share on November 7, up 10.3% over a year and the highest historic.
Sabadell shareholders, who have until October 10 to provide their titles to the improved BBVA offer, promoting its target almost 17 billion euros, will also receive this dividend distributed after the payment of the purchase offer.
The Sabadell board of directors is expected to meet on Tuesday and issue its recommendation on the improved offer, said a spokesperson for the bank. Director General Cesar Gonzalez-Bueno has already said that the Board of Directors “would probably not recommend” this new price deemed still insufficient since it represents only a premium of 1.6% compared to the closing course the day before its announcement.
The attention is particularly focused on the Mexican David Martinez, the first shareholder of the Sabadell board of directors with a participation of 3.86 % through Fintech Europe, which had regretted a price too low in early September despite a strategy deemed correct.
(Jesús Aguado; Bertrand de Meyer, edited by Augustin Turpin)
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