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Editorial: El Mundo

Fracaso del BBVA, reto para todos
Oct. 17, 2025

  • BBVA's attempt to take over Banco Sabadell has failed, with a greater rejection than anticipated by Sabadell's shareholders.
  • Sabadell's chairman, Josep Oliu, and CEO, César González-Bueno, have demonstrated successful strategy and tactics in resisting the takeover.
  • The interference of the Spanish Government and the Catalan Generalitat in the matter is seen as indecent meddling.
  • BBVA's chairman Carlos Torres failed to convince shareholders of the advantages of his takeover proposal.
  • The rejection of the takeover presents both challenges and opportunities for both banks in the future.

Conclusion: BBVA's proposal to takeover Banco Sabadell was a failure. This outcome brings into question BBVA's credibility and now Sabadell must prove the profitability of their independent project, without the sway of political interferences.