Mergers & Acquisitions

Sabadell Said to Weigh Mexico, TSB Sales After BBVA Deal Fails

Nov. 27, 2020, 1:01 PM

Banco de Sabadell SA is weighing a sale of its businesses in Mexico and the U.K. to streamline operations after an attempted takeover by Banco Bilbao Vizcaya Argentaria SA fell apart, people familiar with the matter said.

The Spanish lender has been discussing a potential sale of its Mexican unit with advisers, the people said, asking not to be identified as the information is private. It has also received expressions of interest in its U.K. arm TSB Bank Plc, the people said.

No final decisions have been made, and there’s no certainty the deliberations will lead to a disposal,...

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