Investing.com -- Spain’s competition authority, CNMC, is anticipated to give the green light to BBVA (BME: BBVA )’s proposed takeover of its competitor, Sabadell, as soon as next week, according to a Reuters report on Thursday. This approval could potentially eliminate another obstacle in the ongoing hostile acquisition attempt.
As part of the approval conditions, BBVA will need to adhere to certain commitments, referred to as remedies. However, these obligations are not expected to impose a significant burden, the report added.
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