Spain’s Competition Regulator Approves BBVA’s Hostile Bid for Sabadell - WSJ

1. CNMC cleared BBVA's acquisition of Sabadell; awaits government decision. 2. Remedies by BBVA deemed sufficient to address competition concerns. 3. Hostile takeover implications as Sabadell resists BBVA's approach. 4. Additional regulatory approvals required; potential for further government scrutiny. 5. Sabadell's strategic plan as a standalone entity to be announced soon.