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European Commission Approves BBVA's Takeover of Banco Sabadell Without Objections

Nov 26, 2024, 04:30 PM

The European Commission has granted approval for BBVA's takeover bid of Banco Sabadell, marking a significant development in the banking sector. This decision was made without any objections, allowing BBVA to proceed with its plans to acquire Sabadell. The approval was confirmed by multiple news outlets reporting on the Commission's decision, which is expected to reshape the competitive landscape of the Spanish banking industry.