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BBVA gets additional condition in Spain for Sabadell takeover

( June 24, 2025, 12:28 GMT | Official Statement) -- MLex Summary: The Spanish government authorized the takeover bid by Banco Bilbao Vizcaya Argentaria for domestic rival Sabadell, on the condition that both banks maintain legal personality, separate assets, and management autonomy for three years. This condition could be extended for two additional years, according to a press release published today. The deal had already been cleared by the Spanish competition authority and the European Central Bank, but they hadn't put the condition on the deal that the Spanish government did today. Press release is attached....

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