Banco Popular explores their merger, according to Expansion – Investing.com Spain

MADRID (Reuters) – Banco Popular (MC:) is maintaining contacts with BBVA (MC:), and with other Spanish banks to explore a possible merger, said Thursday the newspaper Expansion.

The newspaper, not citing the sources of his information, said that the sharp fall in stock value of Popular with a market capitalization today of € 3,470 million and the write-downs made by the bank may make attractive a corporate operation.

The current confrontation in the council could also favor this outcome, added the newspaper.

there was No one available in Banco Popular or BBVA to comment on this information.

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