Banco Bilbao Vizcaya Argentaria SA Conversations with Banco de Sabadell, S.A. (4915F)
November 16 2020 - 11:13AM
UK Regulatory
TIDMBVA
RNS Number : 4915F
Banco Bilbao Vizcaya Argentaria SA
16 November 2020
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with
the Securities Market legislation, hereby communicates the
following:
INSIDE INFORMATION
BBVA confirms that it is maintaining conversations with
representatives of Banco de Sabadell, S.A., with the authorization
of its Board of Directors, in relation to a potential merger
transaction between the two entities. The entities have initiated a
reciprocal due diligence review process as is customary in this
type of transactions and have appointed external advisors.
It is noted that no decision has been made in relation to the
potential merger transaction and that there is no certainty as to
whether any such decision will be made or, if that is the case, as
to the terms and conditions of a potential transaction.
BBVA will provide information in due time of any decisions that,
as the case may be, might be made, when and in the manner required
by law.
Madrid, November 16, 2020
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