EU Warns Spain Against Political Interference in BBVA’s Acquisition of Banco Sabadell
The European Union has officially cautioned the Spanish authorities over actions perceived as obstructive to BBVA’s attempt to acquire Banco Sabadell. Brussels stressed that any governmental maneuvers aimed at distorting competition or disrupting market fairness violate EU competition laws. This formal warning reflects the EU’s dedication to upholding a transparent and equitable merger process, urging Spain to adhere strictly to the bloc’s regulatory framework.
Among the primary issues raised by EU regulators are concerns about potential market imbalances and obstacles hindering cross-border banking integration within Europe. The European Commission called on Spain to:
- Refrain from any direct or indirect interference that could delay or block the acquisition.
- Ensure timely regulatory approvals aligned with EU competition standards.
- Preserve equal competitive conditions for all…
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Author : Atticus Reed
Publish date : 2025-05-31 23:03:00
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