April 30, 2024 11:24 GMT
BBVA-SAB; Logical, Spread Positive for SAB
FINANCIALS
BBVA (BBVASM; A3/A/A-) looking at Sabadell (SABSM; BBB+ pos) , acc to Sky. We noted yesterday mgmt's reticence about capital return indications and speculated it could be looking at BCP in Portugal (where Fosun is seen as a seller). Would be spread positive for SABSM.
- BBVA IN EARLY STAGES OF CONSIDERING SABADELL TAKEOVER: SKY
- BBVA WORKING WITH ADVISERS ON POSSIBLE SABADELL OFFER: SKY
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