12:24 PM EDT, 09/15/2025 (MT Newswires) -- (Updates with BBVA response in fourth paragraph.)

Banco Bilbao Vizcaya Argentaria ( BBVA ) should significantly raise its takeover offer for Banco Sabadell if it wants it to be considered, Bloomberg News reported Monday, citing Banco Sabadell Chairman Josep Oliu.

"A 30% premium would be something that would allow us to seriously consider" the offer, Oliu reportedly told Spanish newspaper Expansion in an interview.

BBVA has said that it has no plan to increase the offer, Bloomberg reported, citing Chairman Carlos Torres.

BBVA declined to comment when contacted by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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