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The BBVA has appealed to the Supreme Court the condition of the Spanish Government to accept the public offer to buy Banco Sabadell

The Bank filed the appeal on 15 July, three weeks after the Spanish Government announced the condition. In particular, the Sánchez Government obliges the two entities to maintain separate legal identity and assets over the three years.

(Foto de ARCHIVO) Sedes de BBVA y Sabadell EUROPA PRESS 01/1/1970
BBVA and Sabadell headquarters. Stock Photo: Europa Press

EITB

Updated

Banco Sabadell An view of the condition imposed by the Spanish Government for the approval of the Public Offer of Payment (PPE)\u00A0 has filed an appeal to the Supreme Court BBVA A, a condition reported in June by the Government of Sanchez, which obligedthe two banks  to maintain as legal entities for three years.

BBVA filed the appeal on15 July, three weeks after the Spanish Government announced the condition of this operation, according to the newspaper 'El Español'on Thursday.

BBVA has maintained its offer and continues with the EEP against the Sabadell.
BBVA has earned $5447 million until June, 9.1% more, thanks to the business of Spain and Mexico.
Sabadell has made a profit of $975 million in the semester, 23% more.
Bbva Spain The Spanish Government Entrepreneurs

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