BBVA SA and Banco Sabadell SA are currently in a disagreement regarding the potential impact of BBVA's proposed acquisition of Banco Sabadell on banking services in Spain.
The country's competition authority, CNMC, is in the process of making a decision on the matter. BBVA's Chief Financial Officer, Maria Luisa Gomez-Bravo, is confident that the deal will proceed without requiring any "structural remedies."
This clash of opinions highlights the different perspectives on the consequences of the merger, with BBVA asserting that it will not have a negative effect on competition in the banking sector. The outcome of the CNMC's review is expected to have significant implications for both banks and the overall financial landscape in Spain.