Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 8

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 8
---
 of Ministers the CNMC Resolution for review on the grounds of general interest other than competition. The Council of Ministers adopted a resolution on June 24, 2025 authorizing the economic concentration resulting from completion of the Offer subject to an additional condition to those commitments included in the CNMC Resolution aimed at protecting the following general interest concerns, other than those relating to the defense of competition: (i) ensuring an adequate maintenance of the objectives of the sectoral regulation linked to support for growth and business activity; (ii) protection of workers; (iii) territorial cohesion; (iv) social policy objectives related to the social work of their respective foundations, financial consumer protection and affordable housing; and (v) promotion of research and technological development (the “Council of Ministers’ Authorization”). The Council of Ministers’ Authorization requires, for a period of three years from June 24, 2025, that BBVA and the Target Company maintain separate legal personality and shareholders’ equity and preserve its respective autonomy in the management of its operations with the aim of protecting the general interest concerns identified above (the “Autonomy Condition”). The

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - June 2025Report - p.8 |

Autonomy Condition must be materialized, at least, in the maintenance of autonomous management and decision-making in the respective entities, with a view to maximizing the value of each entity. Following such period of time, the Spanish Secretary of State for Economy and Business Support ( Secretaría de Estado de Economía y Apoyo a la Empresa ) will evaluate the efficacy of the Autonomy Condition and the Council of Ministers will determine whether to extend it for an additional maximum period of two years. The Council of Ministers also confirmed the remedies already committed by BBVA as a condition of the CNMC Resolution described above. The aforementioned decision by the Council of Ministers brought an end to the authorization procedure under Spanish Competition Law for the economic concentration resulting from the Offer, with BBVA having the right to withdraw the Offer pursuant to the provisions of Article 26.1(c) of Royal Decree 1066/2007, as the authorization was subject to conditions. BBVA, announced through the publication of an inside information notice ( información privilegiada ) dated June 30, 2025, its decision not to withdraw the Offer for this reason. As a result, the condition requiring the obtainment of the authorization of the economic concentration resulting from completion of the Offer