BBVA to merge with Sabadell in a €17bn deal.

BBVA, a Spanish multinational financial services company, offered to merge with Sabadell, a Spanish banking group, in a €17bn deal. “With this improved offer, we are putting an extraordinary proposal in the hands of Banco Sabadell shareholders —one that combines a historic valuation and price with the opportunity to participate in the substantial value generated by the integration. All of this will result in a significant increase in the expected earnings per share in the future, if they tender their shares," Carlos Torres Vila, BBVA Chair.