{"id":175531,"date":"2025-10-09T13:28:51","date_gmt":"2025-10-09T13:28:51","guid":{"rendered":"https:\/\/teknomers.com\/en\/carlos-torres-bbva-in-barcelona-is-hurrying-as-the-deadline-approaches-to-accept-the-takeover-bid-for-sabadell-it-will-far-exceed-50\/"},"modified":"2025-10-09T13:28:51","modified_gmt":"2025-10-09T13:28:51","slug":"carlos-torres-bbva-in-barcelona-is-hurrying-as-the-deadline-approaches-to-accept-the-takeover-bid-for-sabadell-it-will-far-exceed-50","status":"publish","type":"post","link":"https:\/\/teknomers.com\/en\/carlos-torres-bbva-in-barcelona-is-hurrying-as-the-deadline-approaches-to-accept-the-takeover-bid-for-sabadell-it-will-far-exceed-50\/","title":{"rendered":"Carlos Torres (BBVA) in Barcelona is hurrying as the deadline approaches to accept the takeover bid for Sabadell: “It will far exceed 50%.”"},"content":{"rendered":"\n
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The \u00a0acceptance period\u00a0 for BBVA’s takeover bid for Banco Sabadell is rapidly approaching its conclusion, prompting directors from both banks to engage intensely with shareholders to rally support for their positions. \u00a0Carlos Torres\u00a0, the president of BBVA, made a strategic visit to Barcelona this Thursday as part of this final push before the deadline, which is set to expire \u00a0tomorrow\u00a0.<\/p>\n

In a recent interview on Catalunya Radio, Torres remarked, “Many shareholders do not make their decision until the last three days.” He confidently projected that \u00a0the acceptance will “widely” exceed 50% of Sabadell’s capital\u00a0, thereby eliminating the need for the National Securities Market Commission (CNMV) to mandate a second takeover bid. According to Torres, a subsequent offer would not provide any advantages over the current exchange proposal.<\/p>\n

During his last meetings, Torres reported that not a single institutional investor indicated a lack of interest in participating in the exchange. He emphasized that the final outcome will be disclosed on \u00a0October 17\u00a0. “The opinion we have gathered from institutional shareholders and investment professionals is practically unanimous. Just two days ago, I was in London meeting with several of them, and there wasn\u2019t a single investor who declined the exchange,” he stated, as quoted by \u00a0Efe\u00a0.<\/p>\n

Furthermore, Torres mentioned that BBVA currently acts as the custodian bank for \u00a02% of Banco Sabadell’s shares\u00a0, noting that \u00a040% of shareholders\u00a0 within this segment have already accepted the takeover bid. This contrasts sharply with the assertions made by \u00a0C\u00e9sar Gonz\u00e1lez-Bueno\u00a0, the CEO of Banco Sabadell, who claimed that support stood below \u00a01%\u00a0 among the bank’s client shareholders during the \u00a0XVI Expansi\u00f3n-KPMG Financial Meeting\u00a0 just two days prior.<\/p>\n

Meeting with Entrepreneurs<\/h2>\n

Following his media engagements, Torres participated in the fourth edition of the \u00a0BBVA Spark Summit\u00a0, an annual event focused on \u00a0startups\u00a0 and venture capital hosted in Barcelona. This gathering serves as a platform for innovators and entrepreneurs looking to gain insights and funding opportunities in the financial tech space.<\/p>\n

During his speech, Torres outlined that BBVA is currently undergoing a \u00a0transformation\u00a0 driven largely by advancements in \u00a0artificial intelligence\u00a0 (AI). He emphasized that this technological revolution is destined to bring about significant changes and investments across various sectors, underscoring the rationale behind the \u00a0takeover bid\u00a0 and the pressing need for banking entities to \u00a0scale\u00a0 their operations.<\/p>\n

As part of this transitional strategy, Torres mentioned that BBVA will leverage “eight robots,” each tailored to assist with critical banking functions such as \u00a0customer management\u00a0, \u00a0risk management\u00a0, \u00a0software development\u00a0, and \u00a0employee productivity\u00a0. This proactive approach to automation demonstrates BBVA’s commitment to staying competitive in an increasingly digital landscape.<\/p>\n

Reflecting on the current \u00a0AI enthusiasm\u00a0, Torres drew parallels to the \u00a0dot-com bubble\u00a0, although he expressed optimism about AI’s long-term implications. “We were also a very minority who assured that the digital and mobile channel would indeed become a reality,” he recalled.<\/p>\n

In a spirited discussion that accompanied his address, Torres shared his thoughts with \u00a0Santiago Muguruza\u00a0, the director of BBVA Spark, regarding potential avenues for new entrepreneurs. He suggested that if he were to embark on a professional journey today, he would choose to enter the \u00a0energy sector\u00a0, which he considers to be among the most pressing challenges that need addressing in the modern world.<\/p>\n

As the clock ticks down to the deadline for BBVA’s takeover bid, it remains to be seen how shareholders will respond to this aggressive outreach and whether the anticipated percentage of acceptance will materialize. The outcome on October 17 will undoubtedly shape the landscape of the Spanish banking sector, potentially signaling a new era for BBVA and Banco Sabadell.<\/p>\n<\/div>\n


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General News – 2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The \u00a0acceptance period\u00a0 for BBVA’s takeover bid for Banco Sabadell is rapidly approaching its conclusion, prompting directors from both banks to engage intensely with shareholders to rally support for their positions. \u00a0Carlos Torres\u00a0, the president of BBVA, made a strategic visit to Barcelona this Thursday as part of this final push before the deadline, which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23832],"tags":[1118,5462,8311,37542,3760,22737,3844,43424,27086,27215,37545,37940,7746,32122],"class_list":["post-175531","post","type-post","status-publish","format-standard","hentry","category-finance","tag-accept","tag-approaches","tag-barcelona","tag-bbva","tag-bid","tag-carlos","tag-deadline","tag-economy-business","tag-exceed","tag-hurrying","tag-sabadell","tag-sabadell-bank","tag-takeover","tag-torres"],"_links":{"self":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/175531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/comments?post=175531"}],"version-history":[{"count":0,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/posts\/175531\/revisions"}],"wp:attachment":[{"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/media?parent=175531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/categories?post=175531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teknomers.com\/en\/wp-json\/wp\/v2\/tags?post=175531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}