1634 GMT - The Spanish government should align to the decisions of regulators regarding BBVA's takeover bid for peer Sabadell, an EU official told Dow Jones Newswires after Madrid referred the transaction to the cabinet for a further review. The deal was approved by the relevant authorities, including the ECB and the Spanish competition regulator, with remedies. The EU isn't aware of any reasons that could justify rejecting or blocking the deal, the official says. "The Commission is looking into the compatibility of the Spanish government's actions with EU law and will not hesitate to use its powers," they add. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 12:34 ET (16:34 GMT)
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