Spain’s competition watchdog, the CNMC, has approved BBVA’s €11bn hostile bid for Sabadell, allowing the government to have the final say on the merger. The CNMC authorized the acquisition with conditions, including maintaining certain branches to mitigate competition concerns, while BBVA aims to enhance its lending capacity and market presence. However, Sabadell’s board and the government oppose the deal, citing risks to competition and financial stability, and the government has 15 days to decide on further analysis before making a final ruling.
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Brussels should not be shocked by Trump being Trump
US President Trump's tariff threats have tested the EU's trade policy capabilities, revealing both successes, like a political agreement with Indonesia, and failures in its approach to negotiations with the US. The EU's traditional methods are ineffective against Trump's unpredictable style, reflecting a deeper struggle within its institutional structure and reliance on the automotive industry. Explain It To Me Like I'm 5: The article talks about how the EU is struggling to handle trade talks...
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