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.

ElConfidencial.com reported today that the move is part of a government-backed plan to remove BBVA chairman Francisco Gonzalez from office.

www.efreeman.co.uk
Source: Freeman

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