1149 GMT - Sabadell's potential sale of its U.K. subsidiary isn't expected to have any effect on the price BBVA put forward in its all-share takeover offer, BBVA's chair says. "I don't think this is the right time to carry out the sale of such a significant asset at this time," Carlos Torres Vila tells Spanish radio station Onda Cero. Sabadell has said that it received interest for its TSB unit. Torres Vila says that the takeover would still be interesting even if the transaction goes ahead without the entities being able to fully merge. "The operation also makes enormous sense because we can have coordinated management that allows us to extract much of the value we have planned," he says. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 18, 2025 07:50 ET (11:50 GMT)
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