The European Central Bank (ECB) has notified BBVA of its decision not to oppose the acquisition of Sabadell Bank following the public takeover bid (OPA) it proposed, as reported by the National Securities Market Commission (CNMV).
The absence of opposition from Frankfurt was one of the steps that BBVA had to take to complete the takeover bid.
That same week, it also received approval from British regulators for its indirect control of Sabadell subsidiary TSB.
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