MADRID (Reuters) – Spain’s BBVA BBVA. The MC has appointed JP Morgan to advise on the potential acquisition of Banco Sabadell SABE. And the Spanish « El Confidencial » website said, Monday, citing unnamed sources.
A source told Reuters in September that Spanish lender Sabadell appointed Goldman Sachs in July to explore strategic options, including a possible deal with M&A.
BBVA agreed Monday to sell the U. s. Businesses for PNC Financial Services Group Inc PNC. N for $ 11. 6 billion in cash, leading to speculation that BBVA could use the cash to buy a rival bank in its home market.
In September, two sources told Reuters that Sabadell had had informal conversations about a possible engagement, including with BBVA..
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Banco Sabadell, Banco Bilbao Vizcaya Argentaria, Mergers and Acquisitions, Financial Services, JPMorgan Chase, BBVA USA, Thomson Reuters Corporation
World news – GB – BBVA engages JP Morgan to advise Regarding the potential acquisition of Sabadell, El Confidencial says
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