Both financial entities took this Brussels resolution for granted since it became known that the European Commission would investigate the operation to investigate the existence of potential subsidies from abroad that could distort the market.
The European Commission has decided no objections the review of the public offer to acquire shares (takeover bid) launched by BBVA on Banco Sabadell, making the controversial operation exceed another condition.
This was confirmed today by financial sources, who recall that European authorities were waiting to verify that BBVA will not receive aid from third countries to take over the Catalan entity, which has opposed this purchase from the start.
Both financial entities took Brussels’ approval for granted since it became known that the European Commission would investigate the operation to investigate the existence of potential subsidies from abroad that could distort the market.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
