Madrid, April 30, 2025 (AFP) - Spain competition watchdog approves BBVA bid for rival bank

NAMPA / AFP

2025-04-30

Spain's competition watchdog on Wednesday approved Spanish banking giant BBVA's long-stalled hostile takeover bid for smaller rival Sabadell, bringing the creation of a new sector colossus a step closer. The CNMC said the proposed transaction presented risks for retail banking, payment services and market competition but that BBVA had "submitted pledges that have allowed the authorisation of the operation". These include taking extra measures for......

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