18-06-2025
BBVA in Talks With Cerberus, One William Street on Loan Sales
BBVA SA is in advanced talks to sell two loan portfolios totaling around €650 million ($754 million) to funds including Cerberus Capital Management 's Spanish unit and One William Street Capital Fund, according to people familiar with the matter.
The sales add to the so-called significant risk transfers recently carried out by BBVA in a effort to trim its balance sheet and generate capital as it bids for Spanish rival Banco Sabadell SA. That deal is close to a decision point and could imply a hit to capital for BBVA, Spain's second-biggest bank.
