Oct 16 (Reuters) - BBVA:

* BBVA TO ACCELERATE SHAREHOLDER REMUNERATION FOLLOWING THE

LAPSE

OF ITS OFFER FOR BANCO SABADELL

* TAKEOVER BID FOR BANCO SABADELL WILL NOT PROCEED AS THE

MINIMUM

ACCEPTANCE LEVEL SET BY THE BANK HAS NOT BEEN MET

* ON OCTOBER 31, IT WILL START EXECUTING THE PENDING SHARE

BUYBACK

OF AROUND €1 BILLION

* ON NOVEMBER 7, IT WILL PAY HIGHEST INTERIM DIVIDEND EVER

(EUR

0.32 PER SHARE) FOR A TOTAL OF EUR 1.8 BILLION

* AS SOON AS IT RECEIVES AUTHORIZATION FROM EUROPEAN CENTRAL

BANK

(ECB), BBVA WILL LAUNCH A SIGNIFICANT ADDITIONAL SHARE BUYBACK

PROGRAM

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