BBVA and Sabadell redefine their strategies alone a year after the failed merger bid
It's been one year since the failed takeover bid that shook the Spanish financial landscape for 17 months. BBVA arrives at a time of growth and is fully committed to digitalization, while Sabadell has adjusted some gears and is already starting to grow after overcoming the low point of the takeover bid.
BBVA's hostile takeover bid for Sabadell failed on October 16, 2025, with only 25.33% of Sabadell's shareholders accepting the offer. The bid, which was initially met with opposition from Sabadell's board, was ultimately rejected, with Sabadell's president Josep Oliu and CEO César González-Bueno leading the resistance. Since then, Sabadell has undergone significant changes, including a new leadership team, a reorganized structure, and a new shareholder base, with French bank BPCE recently joining.
Under the new CEO Marc Armengol, Sabadell is focusing on digital transformation and commercial growth, with a strategic plan aiming for a profit of over €1,600 million and a return on tangible equity of 16% by 2027.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
