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2mo ago

Spanish Government Nears Decision on BBVA's Hostile Takeover of Banco Sabadell

Public consultation concludes as Economy Ministry weighs escalating the case to the Council of Ministers with potential new conditions.

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Overview

  • BBVA's hostile takeover bid for Banco Sabadell has reached a critical juncture following the conclusion of a public consultation on May 26, 2025.
  • The Ministry of Economy is set to determine whether the case should be escalated to the Council of Ministers for further review.
  • The government may impose additional conditions on the takeover beyond those already set by the Competition authority (CNMC).
  • Concerns from stakeholders focus on competition, SME financing, and regional economic impacts, particularly in Catalonia and the Balearic Islands.
  • The decision is highly anticipated by shareholders of both banks, as it could significantly influence the financial and strategic landscape of Spain's banking sector.