AT&T, Texas Instruments and Enphase Energy fall premarket; Hasbro rises
Investing.com -- Spain’s government has established additional conditions for BBVA (BME:BBVA)’s proposed hostile takeover of Banco Sabadell, Economy Minister Carlos Cuerpo announced Tuesday.
Among the new requirements, the banks must remain separate legal entities for at least three years following any successful acquisition. These governmental conditions are distinct from the competition criteria previously used by Spain’s antitrust watchdog when it cleared the deal.
The proposed takeover, currently valued at approximately €14 billion ($16.23 billion), had already received antitrust approval subject to several remedies. BBVA’s bid for its smaller rival represents one of the largest banking consolidation attempts in Europe in recent years.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.