BBVA’s Acquisition of Banco Sabadell Approved with Conditions

Banco Bilbao Vizcaya Argentaria ( (ES:BBVA) ) has shared an announcement.

BBVA has received authorization from the National Commission of Markets and Competition (CNMC) for its acquisition of Banco de Sabadell, forming the second largest financial entity in Spain by credit volume. This merger is contingent upon commitments to maintain financial inclusion, territorial cohesion, and credit access for SMEs and freelancers, including maintaining office operations in underserved areas and offering favorable commercial conditions.

More about Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria (BBVA) is a prominent financial institution operating in the banking industry, offering a wide range of financial services and products. The company focuses on providing banking solutions to individual clients, freelancers, and small and medium-sized enterprises (SMEs), with a significant market presence in Spain.

YTD Price Performance: 35.02%

Average Trading Volume: 4,759,396

Technical Sentiment Signal: Sell

Current Market Cap: €72.41B

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