Banco de Sabadell
Note: This is a daily stock update and the information stands true as of 12/05/25, 09:00 CET.
Company Update:
Expert Opinion:
The banking landscape is evolving quickly and local consolidation is happening, be it in Italy or in Spain. The next step will be cross country consolidation but as regulations still greatly differ from one country to another (with sometimes fierce opposition from the local regulator to align regulations), that prospect is still remote. Regarding Sabadell, the risk of them overpaying for a company just to fend off BBVA is obviously a negative. The speculative appeal of Banco de Sabadell is now lesser.
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Company Update:
According to press sources that were mentioned by Bloomberg, the Spanish government would favor a tie up between Banco Sabadell and another bank that wasn’t named to fend off BBVA. We believe Unicaja Banco be a potentially good candidate. Unicaja is a €4.6bn mkt cap Spanish bank with good geographical complementarity. Both companies had studied joining forces in the past.
However, according to Expansion this morning, Sabadell is actually exploring a merger with Abanca. According to initial research, Abanca is the 7th largest bank in Spain with a strong presence in Galicia and to a lesser extent in Portugal.
Expert Opinion:
The banking landscape is evolving quickly and local consolidation is happening, be it in Italy or in Spain. The next step will be cross country consolidation but as regulations still greatly differ from one country to another (with sometimes fierce opposition from the local regulator to align regulations), that prospect is still remote. Regarding Sabadell, the risk of them overpaying for a company just to fend off BBVA is obviously a negative. The speculative appeal of Banco de Sabadell is now lesser.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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