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How will BBVA's stock price be affected by Sabadell takeover by end of 2025?
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Story
BBVA Receives Cofece Approval for Banco Sabadell Takeover on December 23, 2024
Dec 23, 2024, 02:00 PM
BBVA has received authorization from Mexico's antitrust commission, the Comisión Federal de Competencia Económica (Cofece), for its proposed takeover of Banco Sabadell. This approval allows BBVA to gain indirect control over Sabadell's stakes in various units within Mexico. The announcement was made on December 23, 2024, confirming that BBVA has met the necessary requirements for the acquisition.
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