Spanish economy

bbva sabadell fusion 2

BBVA says competition authorities only identify three issues needing further work in second phase of Sabadell takeover bid

Alphavalue/ Divacons | Peio Belausteguigoitia, BBVA’s country manager in Spain, said that having bigger and stronger banks is beneficial for customers, shareholders and employees. During his speech at the 2nd Prensa Ibérica Financial Forum, he stressed that the transaction with Banco de Sabadell has great potential for value creation and will allow the integration of an entity with greater capacity to offer better products and services to customers. Regarding the…

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bbva sabadell

Competition Commission further complicates BBVA’s Sabadell takeover bid, extends it until summer 2025

The National Commission on Markets and Competition (CNMC) has moved BBVA’s takeover bid for Sabadell to Phase 2. The agency will continue analyzing the operation while extending the analysis period by another three months to allow new stakeholders to voice their opinions. The government will now have the authority to demand additional conditions based on the general interest or even veto the merger. This decision comes despite BBVA offering a…