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30.04.2024 20:48:27 - dpa-AFX: BBVA Seeks To Explore Possible Merger With Sabadell; Stock Down
BILBAO (dpa-AFX) - Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Banco
Sabadell are reportedly pursuing merger talks.
BBVA said that it has appointed advisors to approach Banco's board of directors
to initiate 'negotiations to explore a potential merger transaction between the
two entities', Reuters reports.
Spain-based Sabadell also confirmed that it has received a merger proposal from
BBVA that its board will analyze.
If the deal goes through, then the combined capitalization of both companies
would be almost $78.27 billion, according to FactSet data.
Currently, BBVA's stock is trading at $10.78, down 8.21 percent on the New York
Stock Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
Sabadell are reportedly pursuing merger talks.
BBVA said that it has appointed advisors to approach Banco's board of directors
to initiate 'negotiations to explore a potential merger transaction between the
two entities', Reuters reports.
Spain-based Sabadell also confirmed that it has received a merger proposal from
BBVA that its board will analyze.
If the deal goes through, then the combined capitalization of both companies
would be almost $78.27 billion, according to FactSet data.
Currently, BBVA's stock is trading at $10.78, down 8.21 percent on the New York
Stock Exchange.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
BCO BIL.VIZ.ARG.NOM.EO-49 | 875773 | Frankfurt | 9,088 | 31.10.24 15:29:34 | +0,024 | +0,26% | 0,000 | 0,000 | 9,072 | 9,064 |
