World news – GB – BBVA is hiring JP Morgan to advise on potential Sabadell acquisition, says El Confidencial


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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..

All quotes are at least 15 minutes late. See here for a complete list of exchanges and delays.

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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