Banks, the Spanish BBVA and Sabadell negotiate the merger

(ANSA) - MILAN, NOVEMBER 16 - Spanish banks BBVA and Sabadell are talking "in relation to a possible merger operation" and "have started a mutual due diligence as is the rule in this type of operation" after having "appointed external advisors". The announcement, contained in a note from the BBVA, takes place on the day the Spanish bank reached an agreement to sell its American division for € 9.6 billion. If the merger goes through, it would be the second major merger operation in Spain this year, after the one between Bankia and CaixaBank (ANSA).