Spain's antitrust authority has extended its review of BBVA's proposed acquisition of Banco Sabadell amid concerns regarding competition, particularly in the Mexican market. BBVA's CEO, Onur Genc, indicated that the bank is prepared to abandon the acquisition if regulatory conditions are deemed too stringent, which could undermine the deal's attractiveness. Despite these challenges, BBVA is reportedly preparing potential remedies to address the competition concerns and secure the acquisition of Sabadell.