Calendar
2024 2Q
03
Sep
2024
Authorisation from the Prudential Regulation Authority (PRA)
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05
Sep
2024
ECB non-opposition to the takeover bid
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2024 3Q
01
Oct
2024
BBVA announces the adjustment of the exchange ratio of the takeover bid because of the payment of dividends by Banco Sabadell and BBVA
12
Nov
2024
Announcement from the Spanish competition authority (CNMC) to extend its analysis to phase 2
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2025 1Q
30
Apr
2025
Announcement from the Spanish competition authority (CNMC): Approval of the operation with commitments
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2025 2Q
27
Jun
2025
Decision of the Council of Ministers: Authorizes the takeover bid on the condition that BBVA and Sabadell maintain their management autonomy for 3 years, extendable to 5 years
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2Q-3Q
2025
CNMV authorisation and publication of the takeover bid explanatory prospectus and start of the “acceptance period”
3Q
2025
End of “acceptance period” and publication of the result of the takeover bid
