Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 176

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 176
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 the entities belonging        
 to the Euro 6000 and Cardtronics ATM networks on the same terms as they currently have with Banco Sabadell for 18 months; and (xi) maintain Banco Sabadell’s current fee policies for ATM withdrawals using cards issued by other banks for 18        
 months.                                                                                                                                                                                                                                               |

| • |     | With respect to the commercial terms and conditions for retail customers, SMEs and self-employed customers, BBVA 
 commits to: (i) maintain the commercial terms and conditions of such customers in                                |

131

| postal codes with fewer than four financial institutions as of the date of the CNMC’s resolution (174 postal codes); (ii) for SMEs and self-employed customers in these postal codes,                                                                 
 ensure that prices for new loans granted do not exceed the national average for the relevant rating level and financing product; and (iii) maintain the terms for payment acquiring services contracted by SMEs and self-employed customers with BBVA 
 and/or Banco Sabadell.                                                                                                                                                                                                                                |

In addition, BBVA commits to divest any stake in the share capital of certain payment processing companies (Redsys, Sistema de Tarjetas y Medios de Pago, Bizum and Servired) in excess of the limits established in the relevant bylaws or shareholders’ agreements as a result of the completion of the exchange offer. BBVA must also make standard customer service channels available to address any issues related to the implementation of the CNMC Commitments and collaborate with the CNMC to confirm proper compliance with all Commitments. Additional information regarding the CNMC Commitments is included in the BBVA CNMC Commitments Form 6-K incorporated by reference herein. In accordance with the Spanish Competition Law, the CNMC’s resolution was communicated to the Spanish Minister of Economy, Trade and Business, who decided on May 27, 2025 to refer the CNMC’s resolution to the Spanish Council of Ministers for review on the basis of general public interest. The Spanish Council of Ministers issued a decision on June 24, 2025 (the “Council of Ministers’ Authorization”) whereby it agreed to authorize the economic concentration resulting from completion of the exchange subject to an additional condition (as set forth in (1) below, the “Autonomy Condition”) on the following literal terms: “1.—To authorize the BBVA/Banco Sabadell concentration (file C/1470/24 of the CNMC and CE/022/25 from the Ministry of Economy, Trade and Business), with a