Finance
BBVA Vows to Preserve Bank Access to Ease Sabadell Bid Doubts
This article is for subscribers only.
BBVA said on Wednesday it’s committed to protect access to banking services in an effort to convince authorities that its potential takeover of rival Banco Sabadell SA wouldn’t create competition issues.
Spanish antitrust authority CNMC last week extended its assessment of the proposed transaction, effectively reducing BBVA’s chances of succeeding, and said Wednesday it was looking at issues including the risk to financial conditions for small and mid-sized companies.