Here's your summary from In Full: BBVA's Torres on Sabadell Bid, Cost Synergies, Spain and Mexico Growth (https://www.youtube.com/watch?v=iHseaMywyyQ) on the Bloomberg Television channel:

### TLDR:

BBVA's chairman discusses the €10 billion bid for Banco Sabadell, cost synergies, and growth in Spain and Mexico.

### Key Points:

1. BBVA's bid for Sabadell focuses on €850 million annual savings, primarily from technology and general expenses.

2. The merger is seen as pro-competitive and beneficial for Spain, clients, and society.

3. BBVA's confidence in the deal is high, with plans for a merger if shareholders approve.

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