The CNMV will approve BBVA’s takeover bid when the CNMC’s opinion is known

MADRID Dec. 5 () –

The National Securities Market Commission (CNMV) has concluded that it will approve the brochure of the public acquisition operation (OPA) of BBVA on Banco Sabadell when Competition completes its analysis of the operation, as detailed by the president of the institution, Rodrigo Buenaventura. .

“We consider that the most appropriate thing is for the CNMV to approve the takeover bid once the conditions relating to the business concentration analysis process are known,” Buenaventura indicated during an event held this Thursday.

The National Markets and Competition Commission (CNMC) decided on November 12 to take the operation that BBVA wants to launch on Sabadell to phase 2, in such a way that it is now entering a phase of in-depth analysis and may delay until well The calendar that BBVA managed for the operation entered the first quarter of 2025.

(((THERE WILL BE AN EXPANSION)))