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
