Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 44

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 44
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-law 3/2020, of                                             
 February 4, on urgent measures by which various directives of the European Union in the field of public procurement in certain sectors are incorporated into the Spanish legal system; private insurance; pension plans and funds; in the tax field 
 and tax litigation. On October 4, 2024, the Directorate-General of Insurance and Pension Funds confirmed its non-opposition to the indirect acquisition of control of Bansabadell Mediación, Operador de Banca-Seguros vinculado del Grupo Banco    
 Sabadell, S.A. by BBVA.                                                                                                                                                                                                                             |

29

| x. | The Central Bank of Morocco (Bank Al Maghrib) in relation to the indirect change of control of Banco 
 Sabadell’s branch in Casablanca (Morocco).                                                           |

| xi. | The U.S. Financial Industry Regulatory Authority (“FINRA”) in relation to the acquisition of indirect 
 control of Sabadell Securities USA, Inc., U.S. broker-dealer subsidiary of Banco Sabadell.            |

The relevant authorization or non-opposition from the competent regulatory supervisory bodies set forth in items (i) to (ix) and (xii) above were obtained on the respective dates indicated therein, and completion of the exchange offer is not conditioned upon obtaining the relevant authorization or non-opposition from the competent regulatory supervisory bodies set forth in items (x) and (xi) above. As a result, the exchange offer will be completed even if any of the regulatory supervisory bodies in items (x) and (xi) above does not authorize the exchange or authorizes the exchange offer subject to conditions or any such authorization has not been received by the expiration date. The exchange offer has also been notified to the European Commission pursuant to Regulation (EU) 2022/2560 of the European Parliament and of the Council of December 14, 2022, on foreign subsidies that distort the internal market. This authorization was obtained on November 26, 2024. Certain Consequences of the Exchange Offer (page 122) The acquisition of Banco Sabadell shares by BBVA pursuant to the exchange offer will reduce the number of holders of Banco Sabadell shares and the number of Banco Sabadell shares that might otherwise trade publicly and, depending on the number of Banco Sabadell shares acquired by BBVA pursuant to the exchange offer, could adversely affect the liquidity of any remaining Banco Sabadell shares held by the public or result in their automatic del