Reported about 14 hours ago
BBVA has gained approval from Mexico's competition authority to take indirect control of Sabadell's Mexican operations, following previous clearances from the European Central Bank and various other countries. This acquisition, valued at approximately 12.28 billion euros, aims to consolidate BBVA's position in the market, where it already generates a significant portion of its profits. However, it faces opposition from the Spanish government and still needs approval from Spain's stock market supervisor.
Source: YAHOO