Madrid, June 24, 2025 (AFP) - Spain delays BBVA merger with rival bank for three years

NAMPA / AFP

2025-06-24

Spain's leftist government on Tuesday postponed any merger between banking giant BBVA and rival Sabadell for three years, complicating a hostile takeover bid that could create a new sector colossus. The cabinet approved the takeover provided that "for three years both companies maintain separate legal entities and assets, as well as independence in the management of their activity", said Economy Minister Carlos Cuerpo. Both banks will have to rem......

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