Overview

• The CNMC concluded that Banco Sabadell is not fundamental or irreplaceable for SMEs or for Catalonia and approved BBVA’s takeover on April 30 with conditions.
• The IMF referenced the bid in its annual report on Spain and pressed the government to remain impartial in its review.
• Government sources say the Council of Ministers will weigh public feedback and could attach additional conditions before the June 27 deadline.
• Catalan leaders continue to oppose the merger over concerns it may weaken regional identity and restrict financing for local small businesses.
• Experts warn the deal could reshape banking competition, affect employment levels and influence financial inclusion as Spain’s banking sector consolidates.