Banco de Sabadell, S.A. (BNDSY) Presents at Bank of America 30th Annual Financials CEO Conference 2025 Transcript

Core Points - The tender offer was rejected by the company due to three main reasons: the offer significantly undervalues the potential of Sabadell, the company can create more value for shareholders on a stand-alone basis with a focus on capital distribution, and there are risks associated with BBVA shares that Sabadell shares do not have [1] Summary by Categories - Valuation Concerns - The offer is perceived to significantly undervalue the potential of Sabadell [1] - Value Creation - The company believes it can generate more value for shareholders independently, emphasizing capital distribution strategies [1] - Risk Assessment - The company highlighted that BBVA shares carry certain risks that are not present with Sabadell shares [1]