Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 213

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 213
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/2003, enacted in March 2020, Sole Transitional Provision of Royal Decree-Law34/2020, of November 17, or—only with respect to investments in the defense sector—article 11 of Royal Decree 664/1999, of April 23. Article 7 bis of Law 19/2003 establishes a screening mechanism for certain investments made by non-EUand non-EFTAresidents (“foreign investors”), based on public order, public health and public security reasons (the “Screening Mechanism”). The Screening Mechanism aligns part of the Spanish foreign investment legal framework with Regulation (EU) 2019/452 of March 19, 2019 establishing a framework for the screening of foreign direct investments into the European Union. Certain provisions of Regulation (EU) 2019/452—such as the list of sectors affecting public order and public security or the definition of state-owned enterprises and other similar investors—are mirrored in the regulations establishing the Screening Mechanism. In addition, and according to Sole Transitional Provision of Royal Decree-Law34/2020, of November 17 (as amended by article 4 of Royal Decree-Law27/2021, of November 23), effective November 19, 2020 and until December 31, 2022, the following persons will also be deemed to be foreign investors, provided they invest in listed companies or the investment value exceeds 500 million euros—for investments in private—non listed—companies:

| · |     | EU and EFTA residents in countries other than Spain; and |

| · |     | Spanish residents beneficially owned by EU or EFTA residents in countries other than Spain, that is, those in which a EU or EFTA resident other than in Spain 
 ultimately owns or controls more than 25% of the share capital or voting rights of, or otherwise exercises control over, the Spanish resident.                |

Foreign direct investments (“FDI”) are:

| · |     | investments that result in a foreign investor reaching a stake of at least 10% of the share capital of a Spanish company; and |

| · |     | any corporate transaction, business action or legal transaction which enables effective participation in the management or control of a Spanish company. |

Not all foreign direct investments are subject to the Screening Mechanism. Investments are subject to the Screening Mechanism only if they qualify as FDI and the investment is made in one of the critical sectors mentioned in article 7 bis of Law