Spanish bank BBVA has confirmed reports that it is preparing an offer to acquire Banco Sabadell in a potential all-stock bid. The potential takeover would create a Spain-headquartered banking giant with a market capitalisation of over €72bn, making it one of the largest European banking deals in years. A previous effort to merge the two banks collapsed in 2020 over a disagreement in price. A BBVA-Sabadell deal would strengthen BBVA’s domestic business and help it to expand lending to small and medium-sized enterprises, a market in which Sabadell excels. BBVA’s shares have surged in recent years driven by robust performance in Mexico and substantial shareholder dividends….
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BBVA confirms merger talks with Banco Sabadell; RBI faces US pressure over controversial Russia-linked Strabag deal
