Spanish Minister Confident of Smooth BBVA-Sabadell Merger, No EU Conflict Expected

Spain's Minister of Economy, Carlos Cuerpo, expressed confidence today that the BBVA's planned takeover of Banco Sabadell will not trigger any conflict with European Union regulators. In an interview with Cadena SER, Cuerpo stated, "I expect there to be no conflict with Brussels." He emphasized that Spain's legal procedures are fully aligned with European Union regulations. This assurance follows the Spanish government's decision to elevate the approval of the BBVA's bid to the Council of Ministers. Cuerpo's comments aim to reassure the public and investors, highlighting the importance of maintaining a stable financial system and protecting employment in the affected regions. The move is seen as a step toward consolidating Spain's financial sector and improving its international competitiveness.