US EditionEU Warns Spain Against Blocking BBVA-Sabadell Deal
- The European Commission warned Spain on May 28, 2025, against blocking BBVA's €11 billion takeover bid for Banco Sabadell, a deal approved by multiple regulators.
- Spain's government triggered a 30-day Council of Ministers review to examine the bid beyond competition concerns, reflecting political and regional opposition especially from Catalonia.
- The CNMC authorized the deal with conditions requiring BBVA to maintain services in low-competition areas and support credit access for SMEs, while Sabadell opposes the bid.
- A Commission spokesperson stated governments cannot stop a merger cleared on prudential and competition grounds in the banking union, emphasizing that consolidation must face no undue obstacles.
- The Commission will monitor Spain's compliance with EU law and may initiate proceedings if the government imposes unwarranted restrictions, signaling significant implications for the bid's completion.
51 Articles
51 Articles
EU Cautions Spain Against Hindering BBVA’s Bid for Sabadell
The European Union urged Spain to help facilitate BBVA SA’s bid for rival Banco Sabadell SA without undue hurdles, after Madrid’s decision to review the proposal risked delaying a potential deal that won the blessings of the nation’s antitrust watchdog just last month.
BBVA’s OPA to take Banco Sabadell into the political board, if it was ever out of it. The Ministry of Economics has decided to raise the...
The Ministry of Economy, Commerce and Enterprise has decided to forward to the Council of Ministers the decision on the capital of BBVA on the Sabadell Bank. As the competition law marks, the Executive, which has been opposed to the operation since it was known a year ago, can harden or soften the commitments made by the National Commission of Markets and Competition (CNMC) at the beginning of May, in such a way that they make it impossible for …
From now on, the Council of Ministers will have 30 calendar days to analyse the purchase proposal and will be able to maintain the conditions decided by Competition or demand other
Carlos Córdoba, Minister of Economy, has rushed until the last day to raise BBVA's opa on Banco Sabadell to the Council of Ministers . Now the government has 30 calendar days to decide what its intervention in the operation will be like and amend, thus, the resolution of the National Commission of Markets and Competition (CNMC) . The minister justifies his decision «for reasons of general interest» and points to some criteria that could be used …
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