Market regulator approves BBVA's improved takeover offer for Banc Sabadell
Spain's CNMV extends acceptance period to October 10, while Catalan bank leader says it's "not enough"
Business & economic news from Barcelona and Catalonia
Spain's CNMV extends acceptance period to October 10, while Catalan bank leader says it's "not enough"
Basque bank offers one BBVA share per each 4.8376 shares of Banc Sabadell
Catalan bank CEO says investors see Basque entity's offer as 'worthless' and that none of the bank's retail shareholders have accepted it
Catalan bank says current offer 'destroys' shareholder value and rests on 'unrealistic assumptions'
Announcement arrives after US Securities and Exchange Commission greenlights takeover bid with at least 30% of shares
Basque bank receives green-light from US Securities and Exchange Commission
Catalan bank understands financial operation "complicates" acquisition by Basque bank and praises sale of British subsidiary
Bank believes acquisition generates value despite Spanish government's three-year delay imposed on merger
Acquisition approved under stricter conditions, raising doubts about its feasibility
The two banks will have to maintain separate legal identities, assets, and autonomous management for three years
Decision made ahead of Economy Minister's appearance on possible government action over takeover bid
Spanish economy minister maintains “there will be no conflict” with Brussels
Government has 30 days to decide whether to impose additional conditions
As Catalonia moves to attract higher-spending visitors, critics warn the strategy won't ease pressure on public services, local communities, or the environment
Preliminary report avoids assigning blame and downplays role of renewables
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