BBVA Evaluates Potential Synergies in Banco Sabadell Acquisition Amid Government Oversight

BBVA has confirmed that it is in the process of reviewing the possible cost synergies it could achieve in the coming years if its takeover bid for Banco Sabadell receives governmental approval. According to a document submitted to the National Securities Market Commission (CNMV), the bank is analyzing the implications of conditions set by the Council of Ministers regarding the anticipated merger. The review primarily focuses on the operational and funding cost synergies that might materialize in the initial three to five years following the acquisition. Additionally, the banking institution is assessing potential savings that could be realized once government conditions are lifted, allowing for the merger to proceed seamlessly. Despite this optimistic outlook, BBVA has issued a caveat—there are no assurances that the expected profits will be fully realized. In a supplemental statement attached to its universal registration document, the bank acknowledges that it cannot guarantee the achievement of anticipated benefits associated with the operation. This includes any possible reductions in costs or efficiencies that might be derived from acquiring Banco Sabadell. As developments unfold, BBVA remains committed to keeping stakeholders informed and emphasizes the importance of regulatory compliance in executing this strategic move. Stakeholders and the general public are encouraged to stay updated with news and developments through reliable news outlets and apps, such as El Huffpost, available for download on both Android and iOS devices. Related Sources: • Source 1 • Source 2