Add-on Acquisition • Financial Services

Banco Bilbao Vizcaya Argentaria Acquires BBVA Compass Bancshares

On September 7, 2007, Banco Bilbao Vizcaya Argentaria acquired financial services company BBVA Compass Bancshares

Acquisition Context
  • This is Banco Bilbao Vizcaya Argentaria’s 1st transaction in the Financial Services sector.
  • This is Banco Bilbao Vizcaya Argentaria’s 1st transaction in the United States.
  • This is Banco Bilbao Vizcaya Argentaria’s 1st transaction in Alabama.

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M&A Deal Summary

Date September 7, 2007
Target BBVA Compass Bancshares
Sector Financial Services
Buyer(s) Banco Bilbao Vizcaya Argentaria
Deal Type Add-on Acquisition

Target Company

BBVA Compass Bancshares

Birmingham, Alabama, United States
BBVA Compass Bancshares, Inc. is a provider of financial products and services for customers.
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Buyer Overview 1

Buyer

Banco Bilbao Vizcaya Argentaria

Bilbao, Spain

Category Company
Founded 1857
Sector Financial Services
Employees124,741
Revenue 39.2B EUR (2024)
DESCRIPTION

Banco Bilbao Vizcaya Argentaria is a global financial group that operates a customer-focused retail business model, offering clients a comprehensive range of financial and non-financial products and services around the world. Banco Bilbao Vizcaya Argentaria was founded in 1857 and is based in Bilbao, Spain.


Deal Context for Buyer #
Overall 1 of 5
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 1 of 5
State: Alabama 1 of 1
Country: United States 1 of 2
Year: 2007 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 Administradora de Fondos de Pensiones Provida SA

Santiago, Chile

AFP Provida S.A. (“Provida”), the largest private pension fund administrator in Chile.

Sell $2.0B