BBVA-Sabadell merger, a failed operation … for now




The fireworks of November 16 to officially announce their negotiations reached Frankfurt. The European Central Bank (ECB) had promoted the talks and Carlos Torres and Josep Oliu picked up the glove. Since then, there has been understanding between entities, but today there is no final pact. BBVA and Banco Sabadell they have parked their contacts to merge. The lack of agreement on the price to pay for the first to “eat” the second has kept them away to the point of shelving … for now. Because the dance is still open to both, with more needs one than the other. Then Goldman Sachs will come into play, hunting for operations for the entity of Catalan origin while


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