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BBVA’s Sabadell Bid Is a Test Case for European Ambition

Summary by Financial Times
With antitrust concerns assuaged, bank shareholders, not protectionist bureaucrats, should decide takeover battle

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He hopes that the Council of Ministers will move its decision on the operation next Tuesday MADRID, 17 (EUROPA PRESS) Banco Sabadell President Josep Oliu sees likely that the offer that BBVA will finally make to the shareholders in the OPA for the Vallesana entity will change, although he has recalled the refusal of the president of BBVA [...] La entrada Sabadell, on the current offer of BBVA: "These are probably not the final conditions of the …

In a column signed by Patrick Jenkins, the British head office recalls that antitrust concerns are already "dissipated" after the approval of the National Commission of Markets and Competition (CNMC), so now it must be the criterion of the shareholders that decides if the transaction goes ahead. "If the astute director of BBVA succeeds in overcoming Sanchez's antipathy with investment promises or other incentives, while avoiding a more invasive …

Foment goes further and hopes that the operation will be "banned 'sine die'"

Now that antitrust concerns seem overtaken, it should be the bank shareholders, and not the protectionist bureaucrats, who have the last word. Read

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Financial Times broke the news in London, United Kingdom on Monday, June 16, 2025.
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