Firms bidding for BBVA's bancassurance business.

M2 EQUITYBITES-February 28, 2019--Firms bidding for BBVA's bancassurance business

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Global Banking News - 28 February 2019

European and US firms are vying with each other to purchase the bancassurance business of Spanish lender, BBVA (BBVA.MC).

The sale is being led by Bank of America (NYSE: BAC). It is to be structured as a joint venture agreement within a network of insurers across Spain, Mexico and Latin America.

Bidders will be able to acquire at least 50 percent in each of BBVA's insurers across the world. The biggest...

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