Analysts predict "strong movements" in the BBVA and Sabadell stock markets.

The additional conditions introduced by the government to BBVA's takeover bid for Sabadell are "a surprise," according to analysts, who believe that the shares of both banks are likely to experience "strong movements" upon their return to trading.

Anticipation among BBVA and Sabadell shareholders is growing as they await the CNMV's announcement that the two banks' trading suspension, adopted this morning, will be lifted. At the time of the suspension, at 12:29 p.m., BBVA shares were trading up 2.85% at €13.15, while Banco Sabadell shares were up 1.49% at €2.72.

The return to trading could bring significant changes to the shares of both banks once the additional conditions imposed by the Government in BBVA's takeover bid for Sabadell are known. The Executive has authorized the takeover bid, provided that the two entities maintain separate legal personality and assets for three years , as well as independent management.

Initial analyst assessments highlight the harshness of the conditions imposed. In practice, notes XTB analyst Javier Cabrera, this means "a three-year ban on the merger of these companies and the possibility of extending it for another two years, making a total of five years."

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