Spain's Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) said Thursday it is in talks regarding the potential sale of its Spanish real-estate business to New York-based Cerberus Capital Management LP (CRP.XX).
BBVA said it wasn't certain negotiations would lead to a deal.
The bank said it was responding to press speculation about a potential deal involving real-estate. Over the past week several Spanish news outlets have reported that a deal was in the works.
In August, BBVA confirmed it was negotiating with Canada's Bank of Nova Scotia (BNS.T) to sell its Banco Bilbao Vizcaya Argentaria Chile SA (BBVACL.SN) unit.
Write to Nathan Allen at email@example.com
(END) Dow Jones Newswires
September 28, 2017 03:12 ET (07:12 GMT)