Banco Sabadell shareholders

Banco Sabadell shareholders obtain a very significan premium over the bank's share price and will be able to capture more value in the bank resulting from the merger. This will be a more diversified, stronger and more profitable bank. capable of competing in an increasingly global sector that has growing needs for investment in technology and data.

BBVA shareholders

BBVA shareholders obtain a significant returns on their investment with a very limited impact on capital. Moreover, BBVA mantains its shareholder distribution policy (distribution of 40 percent to 50 percent of earnings, combining cash dividends and share buybacks) and its commitment to distribute any excess capital above 12 percent)

The rest of stakeholders

Moreover, this transaction creates value for the rest of stakeholders: customers, employees and society as a whole. BBVA estimates that the resulting bank will have an additional lending capacity of €5 billion per year to households and businesses in Spain.