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# Banco Sabadell Board Rejects BBVA's Friendly Merger Proposal
- URL: https://www.theglobalbanker.com/bbva-approaches-banco-sabadell-friendly-merger-second-largest-spanish-bank/
- Published: 2024-05-06T16:00:00.000Z
- Updated: 2026-10-02T12:55:55.000Z
- Description: Banco Sabadell's board rejected BBVA's friendly merger proposal on 6 May 2024, a week after BBVA's approach became public.
- Author: TGB Editorial Team
- Tags: M&A, Europe, #archive

BBVA has approached Banco Sabadell with a proposal for a friendly merger, a combination that would create a group with around €1 trillion in assets. BBVA's approach became public on 30 April 2024.

#### PROPOSED COMBINATION

A merged entity carrying the assets of both lenders would rank second in Spain only to Santander. 

The approach was framed as a friendly transaction. 

#### SABADELL BOARD REJECTS TERMS

Sabadell's board rejected the terms put forward by BBVA.