5 days ago
- Business
- Wall Street Journal
Spain Cabinet to Conduct Further Review of BBVA's Bid for Sabadell
The Spanish government plans an additional review of Banco Bilbao Vizcaya Argentaria's hostile bid for smaller peer Banco de Sabadell SAB 0.29%increase; green up pointing triangle, drawing out the yearlong takeover battle further.
Spain's Ministry of Economy, Commerce and Business said late Tuesday that the offer would be referred to the cabinet on general-interest grounds other than competition, citing the potential impact of the deal on the sector, territorial cohesion and social policy among other reasons.
