BBVA's Takeover Bid for Banco Sabadell Faces April Decision Amid Market Test and Rising Discontent

BBVA's proposed takeover of Banco Sabadell is currently under review by the Comisión Nacional de los Mercados y la Competencia (CNMC), which is expected to issue a decision in April. Despite the ongoing market test and the interruption caused by the Semana Santa holiday, the CNMC remains optimistic about approving the acquisition. Meanwhile, Banco Sabadell is preparing a counter-offensive to challenge BBVA's commitments aimed at facilitating the takeover's authorization. The CNMC has included Banco Sabadell in its market test regarding the acquisition, indicating a thorough examination of the proposal. Recent reports suggest rising discontent within Banco Sabadell regarding the CNMC's analysis of the situation.