Sacyr Vallehermoso confirms considering acquiring stake in BBVA (ES)

Sacyr Vallehermoso SA said it considering acquiring a stake in Banco Bilbao Vizcaya Argentaria SA, confirming earlier press reports.

In a statement, Sacyr Vallehermoso said it is 'studying opportunities' to acquire a stake in the Basque bank.

According to reports earlier today, Sacyr Vallehermoso, together with two of its board members, has been building a stake in BBVA which may have reached over 4 pct. reported today that the move is part of a government-backed plan to remove BBVA chairman Francisco Gonzalez from office.
Source: Freeman

Related News