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Spain’s Sabadell Said to Weigh Options as Bank Deals Quicken

  • Spanish bank working with Goldman in recent months on strategy
  • Options include sale, asset disposals and smaller deals
A logo stands above the entrance to a Banco de Sabadell SA bank branch in Madrid, Spain, on Saturday, July 25, 2020. Banks in Italy and Spain, among the most exposed to swings in European sovereign bonds, don’t plan to make use of capital relief intended to soften the impact of potential losses from such debt.
Photographer: Paul Hanna/Bloomberg
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Spain’s Banco de Sabadell SA is exploring strategic options as consolidation talks take hold in Europe’s fragmented banking markets.

The lender, based in Alicante, has been working with Goldman Sachs Group Inc. in recent months on options including a sale or merger, asset disposals or buying a smaller competitor, according to people with knowledge of the matter.