08:10 AM EDT, 06/24/2025 (MT Newswires) -- Spain has cleared BBVA's (BBVA) bid to acquire Sabadell, but the lenders will have to keep assets separated and operate as different entities for the next three years, Bloomberg reported Tuesday, citing comments made by Economy Minister Carlos Cuerpo during a news conference.

In addition, the banks' workers protection, territorial cohesion and social investments must be guaranteed, according to the report.

BBVA did not immediately reply to a request for comment from MT Newswires.

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