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BBVA Considers Merger with Banco Sabadell

Written by on 30 April 2024

BBVA has announced it is exploring a possible merger with Banco Sabadell, having hired advisers to assess the move.

The potential merger could create a market value of 73 billion Euros, rivalling Banco Santander and surpassing CaixaBank.

Previous merger discussions in 2020 were discontinued after an agreement failed to be reached.

The announcement comes as both banks report significant profits in their first-quarter earnings.