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Global market research Act. 12 Jul 2021

BBVA and ODDO BHF roll out their strategic partnership in Spain and Portugal

After announcing their strategic partnership last October, BBVA and ODDO BHF, a leading trading platform in Europe, are making progress in their partnership in the equity brokerage services business in Spain and Portugal. The Franco-German group recently opened its new branch at BBVA’s headquarters in Madrid with an equity research team in charge of covering Spanish and Portuguese stocks, as well as a sales team to meet the needs of institutional investors in these countries. BBVA thus underpins its Equity Capital Markets (ECM) capabilities and the added value it delivers to corporate clients.

The BBVA and ODDO BHF partnership will allow the bank to offer top quality analysis of issuers in Spain and Portugal, thanks to a local team of analysts with an extensive proven track record at BBVA before joining ODDO BHF. This coverage will include both large listed companies in Spain and Portugal as well as a broad number of mid-caps that draw less market coverage. This research capability will enhance BBVA's advisory and execution capabilities within the European capital markets.

In addition to receiving a more complete and comprehensive service as a result of this partnership, BBVA's corporate clients will also benefit from the distribution capabilities of a leading European equity brokerage platform, with access to over 700 European and American institutional investors.

In short, the connection between BBVA and ODDO BHF will help investors gain a better understanding of Spanish and Portuguese companies, enabling players to determine prices more efficiently and establish assessments more objectively, critical for issuers at the time of accessing markets under the best conditions when they need it.

Enrique Jiménez-Herrera, Global Head of Investment Banking and Finance at BBVA, comments: “BBVA is committed to excellence in the services we provide to our clients and, in particular, to companies that operate in the markets where we are present. This strategic partnership with ODDO BHF will allow us to build up our execution capabilities for Spanish and Portuguese companies in Europe, strengthen our advisory capacity and become a leading bank in 'equity' transactions.

Christophe Tadié, Managing Partner & Head of Corporate and Investment Banking at ODDO BHF added: "We are very pleased to consolidate our partnership with one of the largest Spanish and European banks to jointly serve BBVA's corporate clients and bring the best experience in the Spanish and Portuguese market to institutional investors. There are already many synergies among all the partners of our equity platform, Natixis, ABN Amro, Commerzbank and BBVA, as evidenced by the completion of 30 transactions in the primary market since the beginning of the year. We are certain that we can accelerate this dynamic even more with the incorporation of the Spanish teams."

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