Banco Bilbao Vizcaya Argentaria, S.A. disclosed that Banco Sabadell shareholders can start accepting a merger proposal starting September 8, 2025, with an offer valuing Banco Sabadell at approximately €17.4 billion, which includes significant premiums over prior share prices. This merger is projected to yield a 25% increase in earnings per share for Banco Sabadell shareholders compared to remaining standalone.