Takeover bid at Banc Sabadell
Economy

The CNMV suspends the listing of BBVA and Banc Sabadell pending the Spanish government's decision.

1 min
Carlos Cuerpo, Minister of Economy, at the MWCACN

The National Securities Market Commission (CNMV) has decided to suspend trading in BBVA and Banco Sabadell just minutes before the Spanish government announces whether it will impose further conditions on the hostile takeover bid. The decision was made to avoid altering the banks' stock prices.