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Recommendation of the Board of Directors of Banco Sabadell on the revised offer of BBVA’s hostile takeover bid

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The chairman and chief executive officer of Banco Sabadell share the Board of Directors’ opinion on the new takeover bid

Audiovisual material

César González-Bueno’s comments about shareholder remuneration over the next two years

Josep Oliu: “Over time, BBVA’s offer has been getting progressively worse and makes less and less sense”

César González-Bueno: Banco Sabadell’s Board of Directors anticipates a very low percentage of takeover bid acceptance, because the offer is not attractive

Josep Oliu: each shareholder must freely decide whether they wish to accept the tender offer and if they decide not to then it is quite simple: they do not need to do anything at all

Josep Oliu’s comments on the decision of shareholder David Martínez