Banco Bilbao Vizcaya Argentaria, S.A. (BBVXF)

GQG Partners sells BBVA stake over Sabadell hostile bid, FT reports

GQG had decided to sell up by July, having told BBVA's management team that it believed the Sabadell bid would be too time consuming and distracting, while also diluting its exposure to emerging markets, the FT report said. Neither GQG, nor BBVA nor Sabadell immediately responded to a Reuters request for comment.