April 30, 2024 12:32 GMT
BBVA-Sabadell: Bid Confirmed, Caixa-BCP The Next Focus
FINANCIALS
BBVA (BBVASM; A3/A/A-) and Sabadell (SABSM; BBB+ pos) more headlines coming. This does look like #2 bank in Spain buying #4, so competition issues not straightforward (but UK is arguably a more concentrated market). More headlines coming through (and leaves BCP with only Caixbank as a suitor if this goes through):
- SABADELL CONFIRMS IT HAS RECEIVED BBVA'S PROPOSAL
- SABADELL BOARD TO ANALYZE ALL ASPECTS OF BBVA MERGER PROPOSAL
- BBVA CONFIRMS ADVISORS HAVE BEEN APPOINTED FOR SABADELL DEAL
- BBVA CONFIRMS INTEREST IN SABADELL DEAL
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