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Sabadell to Beef Up Shareholder Returns as It Fends off BBVA Takeover

Sabadell to Beef Up Shareholder Returns as It Fends off BBVA Takeover

Spain's Banco de Sabadell SAB 0.86%increase; green up pointing triangle set out its business plan through 2027, including strengthening its shareholder returns, as it seeks to ward off a hostile takeover from its larger domestic rival BBVA BBVA 1.78%increase; green up pointing triangle.
The Catalan lender said Thursday that it would aim to return 6.3 billion euros ($7.42 billion) to shareholders via dividends and buybacks between 2025 and 2027 and for a return on tangible equity of 16% by 2027, from 15.3% at the end of June this year.
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