BBVA aims for approval of Sabadell deal 'in a few months', CEO says
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BBVA is working towards securing approval from the competition authority CNMC for its takeover of Sabadell, with expectations to finalize the process in a few months, according to CEO Onur Genc.
November 13, 2024 | 10:15 am
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BBVA is actively working with the CNMC to gain approval for its acquisition of Sabadell, aiming to complete the process in a few months.
The news indicates a positive development for BBVA as it is progressing towards finalizing its acquisition of Sabadell. Successful approval could enhance BBVA's market position, potentially leading to a positive impact on its stock price.
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