Spanish Securities and Exchange Commission authorizes BBVA to buy Sabadell Bank
The Spanish Securities Market Commission (CNMV) has authorized the BBVA Public Purchase Offer on Sabadell , as reported in a statement.
The Inspector considers that the terms of the offer are in accordance with the regulations in force and considers the contents of the explanatory leaflet submitted by the BBVA to be sufficient.
The CNMV recalls that the EEP's counterpart is "mixed" and represents one share of the new BBVA issue and 0.70 euros in cash for every 5,5483 shares in Sabadell.
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