The European Central Bank (ECB) has notified BBVA of its decision not to oppose the acquisition of Banco Sabadell, following the public takeover bid that the leading financial institution launched in May, as reported by the National Securities Market Commission (CNMV).
The absence of opposition from Frankfurt was one of the milestones that BBVA was trying to achieve to finally carry out the takeover bid that the government opposed. That same week, it also received approval from British regulators for its indirect control of TSB, a subsidiary of Sabadell.
