The negotiations are in a very advanced stage and BBVA has ruled out the competition of more funds, so if Cerberus and the Bank agree with the price, the transaction will be successful.
One of the keys of the transaction is to know the percentage of Anida that is for sale. Several sources approached by Vozpópuli state that this is a sale similar to Project Quasar, with the sale of 51% of all real estate owned by Banco Popular to Blackstone, headed by Santander. BBVA has a real estate exposure of 20,000 million in Spain.