Acquisition Approval: Spain's competition authority has approved Banco Bilbao Vizcaya Argentaria's acquisition of Banco Sabadell, leaving the final decision to the government after a year-long takeover battle.
Competition Concerns Addressed: The CNMC acknowledged potential competition threats in retail banking and payments but deemed BBVA's proposed remedies as adequate to mitigate these issues.
BBVA
$22.51+Infinity%1D
Analyst Views on BBVA
About BBVA
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a Spain - based bank. It is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments are: Spain, the United States, Turkey, Mexico, South America and Rest of Eurasia. The activities in Spain are banking activity and Insurance. In the United States it offers services through, BBVA USA and the BBVA New York branch. The Turkey segment is represented by the group Garanti BBVA, an integrated financial services group, that also operate in Holland and Romania. The Mexico segment activities include banking and insurance businesses. In South America, it provides banking and insurance businesses. The Rest of Eurasia segment includes business activity in the rest of Europe and Asia
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
