Discussions collapsed after the banks disagreed over the pricing of the deal. Wikimedia BBVA, Spain's second-largest bank, and smaller rival Banco Sabadell have walked away from a planned merger after a price disagreement.The two lenders had confirmed a tie-up less than two weeks ago.Sabadell had been looking to merge with another Spanish bank for months.
Spain's Bbva Walks Away From Merger With Banco Sabadell After Confirming Tie-up Less Than Two Weeks Ago
snagarajan@businessinsider.com (Shalini Nagarajan), Business Insider
Fri, 11/27/2020 - 2:10am
Topics: wikimedia but bbva visit business insider european fanduel pnc financial deutsche bank covid-19read business insider bbva spain banco sabadell spanish us sabadell europe ft merger confirming tie-up less than two weeks market billion lenders banks operations disagreed domestic second-largest price euros cap strategy collapsed scale shares months
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