Sabadell: Spain's antitrust body clears BBVA-Sabadell takeover, awaits government
Spain's competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell (SABE.MC), opens new tab by its larger rival BBVA (BBVA.MC), opens new tab, though the combined lender will have to accept several remedies in its retail banking arm if the long-running hostile takeover bid clears the remaining hurdles.
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Sabadell is a Spain-based financial services company that provides banking products such as credit facilities, loans, mortgages, and deposits for individuals and businesses.
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