Sabadell Shareholder Zurich Insurance Doesn't Intend to Tender Stake to BBVA Offer

Dow Jones

2025/10/07

By Elena Vardon

Zurich Insurance said it doesn't intend to tender the shares it holds in Spanish bank Sabadell as part of BBVA's takeover offer.

"The current offer does not provide an attractive proposition for Sabadell's shareholders beyond the company's standalone prospects," a spokesperson for the Swiss insurer said Tuesday.

Zurich Insurance owns a 4.95% stake in Sabadell, making it the bank's second largest shareholder after BlackRock, based on LSEG Workspace data. The groups have a long-standing insurance partnership in Spain.

BBVA has been pursuing a deal with Sabadell since May last year and is seeking to amass at least 50% of Sabadell's voting rights by the closure of the acceptance period on Friday.

If it secures between 30% and 50% and waives the 50% minimum threshold, BBVA can choose to launch a second offer for the rest of the shares in cash or walk away.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

October 07, 2025 07:31 ET (11:31 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2573542759"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2573542759\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2573542759?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-07 19:31","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2573542759","market":"other","top_or_hot":-1,"title":"Sabadell Shareholder Zurich Insurance Doesn't Intend to Tender Stake to BBVA Offer","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Elena Vardon \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Zurich Insurance said it doesn't intend to tender the shares it holds in Spanish bank Sabadell as part of BBVA's takeover offer. \n</p>\n<p>\n  \"The current offer does not provide an attractive proposition for Sabadell's shareholders beyond the company's standalone prospects,\" a spokesperson for the Swiss insurer said Tuesday. \n</p>\n<p>\n  Zurich Insurance owns a 4.95% stake in Sabadell, making it the bank's second largest shareholder after BlackRock, based on LSEG Workspace data. The groups have a long-standing insurance partnership in Spain. \n</p>\n<p>\n  BBVA has been pursuing a deal with Sabadell since May last year and is seeking to amass at least 50% of Sabadell's voting rights by the closure of the acceptance period on Friday. \n</p>\n<p>\n  If it secures between 30% and 50% and waives the 50% minimum threshold, BBVA can choose to launch a second offer for the rest of the shares in cash or walk away. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2025 07:31 ET (11:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sabadell Shareholder Zurich Insurance Doesn't Intend to Tender Stake to BBVA Offer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSabadell Shareholder Zurich Insurance Doesn't Intend to Tender Stake to BBVA Offer\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-10-07 19:31</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Elena Vardon \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Zurich Insurance said it doesn't intend to tender the shares it holds in Spanish bank Sabadell as part of BBVA's takeover offer. \n</p>\n<p>\n  \"The current offer does not provide an attractive proposition for Sabadell's shareholders beyond the company's standalone prospects,\" a spokesperson for the Swiss insurer said Tuesday. \n</p>\n<p>\n  Zurich Insurance owns a 4.95% stake in Sabadell, making it the bank's second largest shareholder after BlackRock, based on LSEG Workspace data. The groups have a long-standing insurance partnership in Spain. \n</p>\n<p>\n  BBVA has been pursuing a deal with Sabadell since May last year and is seeking to amass at least 50% of Sabadell's voting rights by the closure of the acceptance period on Friday. \n</p>\n<p>\n  If it secures between 30% and 50% and waives the 50% minimum threshold, BBVA can choose to launch a second offer for the rest of the shares in cash or walk away. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elena Vardon at elena.vardon@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 07, 2025 07:31 ET (11:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4117","symbol_name":"多元化保險","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2573542759","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573542759","pubTimestamp":1759836660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Zurich Insurance said it doesn't intend to tender the shares it holds in Spanish bank Sabadell as part of BBVA's takeover offer.\"The current offer does not provide an attractive proposition for Sabadell's shareholders beyond the company's standalone prospects,\" a spokesperson for the Swiss insurer said Tuesday.Zurich Insurance owns a 4.95% stake in Sabadell, making it the bank's second largest shareholder after BlackRock, based on LSEG Workspace data. The groups have a long-standing insurance partnership in Spain.BBVA has been pursuing a deal with Sabadell since May last year and is seeking to amass at least 50% of Sabadell's voting rights by the closure of the acceptance period on Friday.If it secures between 30% and 50% and waives the 50% minimum threshold, BBVA can choose to launch a second offer for the rest of the shares in cash or walk away.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4117":"多元化保险","BK4207":"综合性银行","BBVA":"西班牙外换银行","ZURVY":"Zurich Insurance Group Ltd"},"translate_title":"Sabadell股东苏黎世保险不打算向BBVA要约收购股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBVA":1.5,"ZURVY":0.9},"content_text":"By Elena Vardon \n\n\n \n\n\n  Zurich Insurance said it doesn't intend to tender the shares it holds in Spanish bank Sabadell as part of BBVA's takeover offer. \n\n\n  \"The current offer does not provide an attractive proposition for Sabadell's shareholders beyond the company's standalone prospects,\" a spokesperson for the Swiss insurer said Tuesday. \n\n\n  Zurich Insurance owns a 4.95% stake in Sabadell, making it the bank's second largest shareholder after BlackRock, based on LSEG Workspace data. The groups have a long-standing insurance partnership in Spain. \n\n\n  BBVA has been pursuing a deal with Sabadell since May last year and is seeking to amass at least 50% of Sabadell's voting rights by the closure of the acceptance period on Friday. \n\n\n  If it secures between 30% and 50% and waives the 50% minimum threshold, BBVA can choose to launch a second offer for the rest of the shares in cash or walk away. \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 07, 2025 07:31 ET (11:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}