Spain Chided by EU for Hindering BBVA's €13 Billion Sabadell Bid
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European Union watchdogs have fired off a legal warning to the Spanish government for hindering BBVA SA's €13 billion ($15.1 billion) bid for rival Banco Sabadell SA.
The European Commission alleges that a series of onerous conditions imposed on the deal violate EU single market rules that allow freedom of movement of capital in the bloc unless there are exceptional circumstances.
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