Spanish bank BBVA raises offer for rival Sabadell | Business

MADRID, Sept 22, 2025 (BSS/AFP) - Spanish banking giant BBVA raised its takeover offer for Sabadell on Monday as it seeks to lure its smaller rival's shareholders before the October 7 deadline to accept its hostile bid. The announcement came 10 days after Sabadell's board urged shareholders to reject BBVA's bid, saying it undervalues the bank. BBVA said in a statement on Monday that it was raising the offer to Sabadell shareholders by 10 percent to 3.39 euros per share. The new offer values Sabadell at 19.5 billion euros ($22.9 billion). BBVA said it would not make further improvements to the bid or extend the deadline for shareholders to accept it. "With this improved offer, we are putting an extraordinary...