Spain's Jove buys $4.4 bln BBVA stake

MADRID (Reuters) - Spanish property magnate Manuel Jove is buying up to 5 percent of BBVA (BBVA.MC: Quote, Profile, Research), prompting Spain's second-biggest bank to reiterate its opposition to shareholders building up large stakes. Jove, who made his fortune in property, said on Tuesday his purchase worth about 3.2 billion euros ($4.4 billion) in BBVA -- long spoken of as a potential takeover target -- was a "permanent, financial investment".