A major shareholder of the Spain-based bank Banco Bilbao Vizcaya Argentaria, or BBVA ($ES:BBVA), has divested its entire stake due to the bank’s

A top Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) investor has sold off its stake over its opposition to the Spanish bank’s 10B-euro ($10.87B) hostile bid for Banco de Sabadell (OTCPK:BNDSF) (OTCPK:BNDSY),

GQG Partners, one of Spanish bank BBVA's biggest shareholders, has sold its stake over the bank's decision to pursue a hostile bid for domestic rival Banco Sabadell, the Financial Times reported on Sunday.

One of BBVA’s biggest shareholders has sold its entire stake over the Spanish bank’s decision to pursue a hostile bid for domestic rival Banco Sabadell. GQG Partners, which is a big investor in several European banks,