BBVA is in talks to merge with Sabadell

Organization chaired by Carlos Torres Thus, it resumes the merger with Banco Sabadell, which was last thwarted in 2020..

BBVA informed the National Securities Market Commission (CNMV) at 13:47 that it “confirms that it has transferred the Presidente Banco de Sabadell (Josep Oliu), interest of the Board of Directors of BBVA in begin negotiations to explore a possible merger between both subjects.”

The bank responded with this brief official statement to the information that the British network has just published. skynews, in which a merger between am is possible

Organization chaired by Carlos Torres Thus, it resumes the merger with Banco Sabadell, which failed last time in 2020..

BBVA informed the National Securities Market Commission (CNMV) at 13:47 that it “confirms that it has transferred the Presidente Banco de Sabadell (Josep Oliu), interest of the Board of Directors of BBVA in begin negotiations to explore a possible merger between both subjects.”

The bank responded with this brief official statement to the information that the British network has just published. skynews, which mentioned a possible merger of both companies.

Sabadell will “analyze” the proposal

Sabadell also rushed to confirm this to the regulator. markets, which “received today at 13:43 an indicative written proposal for a merger from Banco Bilbao Vizcaya Argentaria (BBVA”).

The Catalan enterprise also indicates that its board of directors “I’ll analyze all aspects of the proposal are adequate.”

BBVA confirms this appointed advisors carry out such a merger. J.P. Morgan would be behind this operation, in which UBS He will also act as an advisor. The operation could fully paid in shares.

This once again that these organizations were undertaking an operation of this magnitude, but the surprise in the market was evident. The last failed rapprochement between both organizations took place in 2020.

banking giant

And if this merger goes through, it will create a banking giant with a shareholder market value of more than 70 billion. BBVA’s capitalization is close to 60,500 million euros, while Sabadell’s market value is around 10,000 million euros.

Names of both organizations They react to this possible operation with opposite signs.. BBVA with a stock market penalty approaching 6% and Sabadell with an increase close to 7%, bringing the value to its highest level in January 2018.

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