BBVA to Continue Takeover Bid for Sabadell Despite Sale of TSB

  • BBVA is reportedly continuing its effort to take over Banco Sabadell, even after Sabadell decided this week to sell its U.K. unit, TSB. [contact-form-7] Having determined that the move does not affect its own deal, BBVA could make a tender offer to Sabadell's shareholders within weeks, Bloomberg reported Friday (July 4).