A new twist in the timing of BBVA's hostile takeover bid for Banc Sabadell. The Bilbao-based bank had anticipated that the final prospectus, which must be approved by the National Securities Market Commission (CNMV, the state stock market regulator) to subsequently open the acceptance period (when Sabadell shareholders will vote on whether to accept the offer), would be ready by the end of July. However, it is now delaying its plans by a month, until the end of August, so the acceptance period will not open until early September, according to BBVA sources.

BBVA is analyzing the condition that the Spanish government imposed on the hostile takeover bid for Banc Sabadell on Tuesday, and among the decisions it may take, it hasn't ruled out withdrawing the operation. "Within the analysis of this additional condition [of the Spanish government], there are different alternatives, including this one [withdrawing the takeover bid]," said BBVA's general manager in Spain, Peio Belausteguigoitia, this Wednesday within the framework of the summer course organized by the Association of Economic Information Journalists (APIE) and at APIE BBVA.

Economy Minister Carlos Cuerpo is running out of time to decide whether to send BBVA's hostile takeover bid for Banco Sabadell to the Council of Ministers. "The decision will be made in line with the deadlines set by local [Spanish] and European regulations," he simply said at a press conference on Monday, just after a meeting with the European Commissioner for Financial Services, Maria Luís Albuquerque.

BBVA has kicked off the year with another record profit. The Bilbao-based bank posted a net profit of €2.698 billion in the first three months of 2025 (between January and March), representing a 22.7% increase compared to the same period in 2024, as reported by the bank this Tuesday through the National Securities Market Commission (CNM).

CaixaBank is already the first financial institution in Spain. This is the headline that the Catalan company can boast of, since on Friday they have closed the absorption of Bankia with the registration of the operation in the commercial register of Valencia, after Tuesday the National Competition Market Commission (CNMC) authorized the integration. The result is a bank with 20 million customers, 25% of the Spanish market, 50,000 employees, 640,000 million in assets, a commercial network with a physical presence in 2,200 municipalities, and three headquarters: a social one in Valencia, and two operational ones in Barcelona and Madrid.