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Bloomberg

BBVA Sticks With Sabadell Bid Despite Madrid's Merger Delay

By and Jorge Zuloaga Save BBVA SA decided to keep its takeover offer for Banco Sabadell SA alive even though the Spanish government's decision to ban a merger for several years has cast doubt over how it will pan out. 'BBVA has decided not to withdraw the offer and, therefore, it remains in effect in accordance with the applicable regulations,' the bank said in a statement on Monday.