Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 225

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 225
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 through financial services and debt (BBVA Spark and BStartup, respectively), 
 providing comprehensive financial support in all phases of their growth. BBVA intends to reinforce Barcelona’s role as a European “hub” for innovative companies through the combination of BBVA’s and Banco Sabadell’s                                                                               
 initiatives, which will increase the presence of these companies in this city, as well as the promotion of events such as “4 Years from Now” or “BBVA Spark Summit”, which will contribute to positioning Barcelona as a city of                                                                      
 reference in the technological ecosystem and a pole of attraction for companies and investors from all over Europe.                                                                                                                                                                                   |

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All of the above, which are in compliance with the Council of Minister’s
Authorization, will result in maintaining Banco Sabadell’s ties and commitment to the territories where it is present, especially those in which Banco Sabadell has a greater presence, such as Catalonia and the Valencian Community.

Following the No-merger Period and consummation of a merger with Banco Sabadell, BBVA intends to maintain Banco Sabadell’s ties and
commitment to such territories, and, in particular, it will consider (i) maintaining two corporate centers, one in the current Banco Sabadell corporate headquarters in Sant Cugat del Vallès (Barcelona) and the other one in the current BBVA
corporate headquarters in Madrid, (ii) using the Banco Sabadell brand, together with the BBVA brand, in those territories or businesses in which it may have a relevant commercial interest, and (iii) continuing to support “start-ups” on
the terms described above. To the extent applicable, following the No-merger Period and consummation of a merger with Banco Sabadell, BBVA will continue to comply with the CNMC Commitments.

In addition, according to publicly-available information, Banco Sabadell has entered into an alliance with Zurich (regarding the distribution
of insurance and pension products), and into commercial agreements with each of Amundi (for asset management products), BNP Paribas (for depositary and custody services) and Ayvens (formerly, ALD Automotive) (for
auto-renting products). BBVA has estimated, on the basis of publicly-available information relating to Banco Sabadell, the potential cost of terminating Banco Sabadell’s alliance with Zurich as a result
of Banco Sabadell’s change of control. BBVA has considered this potential cost, as well as corresponding adjustments