BBVA to Launch $4.6 Billion Buyback After Failed Takeover Bid for Sabadell
By Adria Calatayud
BBVA said it is launching share buybacks of up to 3.96 billion euros ($4.64 billion), as the bank moves to boost returns to shareholders after its bid to take over smaller rival Banco de Sabadell fell through.
The Spanish lender said Friday that it received authorization for the European Central Bank for the buyback. BBVA's board signed off on a buyback in several phases, it added.
BBVA said it would on Monday start with stock repurchases of up to 1.5 billion euros to be completed no later than April 7.
Shares in BBVA have more than doubled their value since the start of the year, giving the bank a market capitalization of nearly 114 billion euros, according to FactSet.
After its attempt to acquire Sabadell in a hostile bid fell through, BBVA said it would speed up shareholder returns. It kicked off a buyback of nearly 1 billion euros and said it would launch a significant additional program after receiving ECB approval.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
December 19, 2025 02:34 ET (07:34 GMT)
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