BBVA’s Improved Sabadell Bid Approved by Spanish Regulator CNMV

The Spanish securities regulator CNMV has given green light for the raised $20 billion offer that BBVA SA has made for rival Banco Sabadell SA’s shareholders, paving the way for investors to make their decision.

Sabadell shareholders will now have until Oct. 10 to accept or decline the new bid, CNMV said in a statement on Thursday.