BBVA to hold its Extraordinary Shareholders’ Meeting this Friday

You can watch the extraordinary shareholders' meeting live here.

This capital increase is a necessary step in the bid submitted to Banco Sabadell's shareholders targeting 100 percent of their shares, which BBVA announced on May 9. The deal aims to merge both entities to build a stronger and more profitable bank, capable of competing in an increasingly global sector and with growing needs for investment in technology and data.

The final amount of the capital increase will depend on the number of Banco Sabadell shareholders who take up the offer, and it will not require BBVA shareholders to make any payment. Therefore, if the proposal is approved, progress will be made in the offer to Banco Sabadell shareholders to purchase 100 percent of the bank's shares.

Click here for the complete proposal of resolutions to be voted on during the shareholders' meeting.