MADRID, July 5 (Reuters) – BBVA (BBVA.MC), opens new tab won shareholder support for a capital increase to fund its 12 billion euro ($13 billion) hostile bid for smaller rival Sabadell (SABE.MC), opens new tab on Friday, as Spain’s second-biggest bank, attempts to strengthen its position at home.

BBVA relies on Mexico for more than half of its profit and combining with Sabadell, after a failed merger attempt in 2020, would create a bank with more than 1 trillion euros in total assets and mark the latest consolidation in Spanish banking.