Bank of America has entered the BBVA on Monday with the purchase of 3.09% of the bank's shares, which is currently involved in a takeover bid launched for Banco Sabadell.
The American investment bank has reported to the National Securities Market Commission (CNMV) this acquisition, formalized at a crucial moment for the company's interests, in the midst of the offensive for Banco Sabadell, as reported by Efe.
The US investment bank has stated that 0.599% of the shares correspond to the percentage of voting rights attributed to the shares, while the remaining 2.487% is in the form of voting rights through financial instruments.
This move increases the American participation in BBVA, which approaches 20% (with 3.1%), as BlackRock holds 6.8% of the total shareholding, Capital Research has 5.027%, and Goldman Sachs is also a shareholder of the bank, with 4.678%.
Interestingly, BlackRock is also a stakeholder in Banco Sabadell, with 6.56%, as is the case with Goldman Sachs, holding 2.88% of the total shares of the bank that has returned its headquarters to Catalonia.