The European Commission has sent Spain a legal warning over its move to block a banking merger between BBVA and Banco ...

The EU said Spanish laws granting the power to intervene in banking deals undermined the ECB and restricted the bloc’s ...

According to the EC, Spain's actions contravene European Union rules, potentially impacting the region's banking ...

Ruling prevents an immediate merging of the banks even if Spain’s bigger lender succeeds in its €13bn hostile bid ...

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

The board of Spain's Banco Sabadell on Monday rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, Sabadell said in a statement to the Spanish ...

BBVA said on Tuesday it had approached Sabadell about a possible merger, a deal which would create a Spanish bank with assets of nearly 1 trillion euros ($1.07 trillion) and a market value close ...

The new bid would be carried out under the same conditions as the merger proposal rejected by Sabadell’s board of directors — an exchange of one new BBVA share for every 4.83 Sabadell shares ...

Banco Bilbao Vizcaya Argentaria is pursuing merger talks with smaller peer Banco de Sabadell SAB -1.13%, seeking another shot at a tie-up that could make it Spain’s largest bank after a previous ...

Now, BBVA said it would offer one newly issued share for every 4.83 Sabadell shares, an exchange ratio representing a 30% premium over the closing prices of BBVA and Sabadell on April 29.

By Reuters | Jan. 30, 2025, at 1:12 a.m. ... Reuters FILE PHOTO: A man walks past a branch of Spain's BBVA bank in the Gran Via of Bilbao, Spain, May 9, 2024. REUTERS/Vincent West/File Photo By ...