<div id="readability-page-1"><div> Shares in BBVA rose 5.7% after it announced it would immediately resume share buybacks following its failure to convince Sabadell shareholders to back its 16.32 billion euro ($19.09 billion) hostile takeover bid, while shares in the smaller lender fell 6.5%.Shareholders of Sabadell tendered just 25.47% of voting rights, below even the lower threshold where it could have decided to move on if it had waived the control condition.Broker RBC said the failed attempted takeover of Sabadell &#34;comes with some relief, not because the transaction was a bad one, but because the uncertainty overhanging both banks had lasted far too long.&#34;($1 = 0.8550 euros)</div></div>

BBVA

Shares in BBVA rose 5.7% after the bank announced a resumption of share buybacks following a failed 16.32 billion euro hostile takeover bid for Sabadell, whose shares fell 6.5%. Sabadell shareholders tendered only 25.47% of voting rights, failing to meet the necessary threshold. Broker RBC noted that the failed takeover brings relief, as the uncertainty surrounding both banks had persisted for too long.

Shares in BBVA rise 5.7% while Sabadell falls 6.5% after failed takeover bid