offices in the Valencian Community

Thus, if the transaction is completed, the new bank will have an advantage in the market. Valencian Community

from a network point of view, at least until the expected intensive closure of offices after the merger commences. The organization that held leadership in industries after the financial crisis will be left behind. when Bancaja and CAM disappeared. Near KaishaBankwhich currently means autonomy of 358 offices.

Farewell to Sabadell headquarters in Alicante: after the merger, BBVA will retain its registered office in Bilbao

Invest 1.450 million

On the other side, He BBVA yesterday made an attempt in a press release to convince its shareholders that the takeover of Sabadell would benefit them. However, he assured that earnings per share will increase from the first year after the merger until performance improves. 3.5% upon achieving the expected synergistic effect

. The company estimates that it will achieve operating cost reductions of approximately 850 million per year (achieved by closing offices and reducing staff in network and central services), according to reports. Agustí Sala and Pablo Allendesalazar.

BBVA headquarters in Madrid

To do this, he will have to invest 1.450 million, and his capital will decrease by 0.3 percentage points. The price offered is close to Sabadell’s book value, so there will be little or no negative goodwill to fund these reductions.

HeBBVA It is estimated that the tangible book value per share will increase by approximately 1% at the merger date and that the return on investment on the operation will be close to 20% in 2026.