Shares in BBVA rise 5.7% while Sabadell falls 6.5% after failed takeover bid

Core Points - BBVA's shares increased by 5.7% following the announcement of the immediate resumption of share buybacks [1] - The decision to resume buybacks comes after BBVA's unsuccessful attempt to persuade Sabadell shareholders to support its €16.32 billion ($19.09 billion) hostile takeover bid [1]