01:08 PM EDT, 06/26/2025 (MT Newswires) -- BBVA (BBVA) is leaning toward moving ahead with its acquisition offer for Banco Sabadell despite Spain Economy Minister Carlos Cuerpo saying Tuesday that the banks must keep separate operations for at least three years, Bloomberg reported Thursday, citing people familiar with the matter.

BBVA executives believe most of the deal's cost savings can still be realized and are gauging investor support to determine whether to proceed, according to the report.

BBVA shares rose 0.8% in recent trading.

The company didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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