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International Business Times
International Business Times
Business

Spain's BBVA Bank To Start Sabadell Offer Monday

BBVA Sabadell Spain Banco Sabadell Stock Market CNMV Santander TSB
The proposed deal aims to create a European banking powerhouse capable of competing with industry heavyweights (Credit: AFP)

Spanish banking giant BBVA said on Friday its tender offer for smaller national rival Sabadell would start on Monday after its hostile bid received the stock market regulator's green light.

The proposed deal aims to create a European banking powerhouse capable of competing with industry heavyweights such as Santander, BNP Paribas and HSBC.

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