Spain's Competition Regulator Approves BBVA's Hostile Bid for Sabadell

1. CNMC cleared BBVA's acquisition of Banco Sabadell pending government approval. 2. BBVA proposed adequate remedies to address competition concerns. 3. Sabadell contests the suitability of CNMC's review methodology. 4. Spanish government now has 15 days to review the acquisition. 5. BBVA's deal is pivotal for enhancing its domestic market presence.