Case details

Ccent/2024/36 - BBVA / Banco Sabadell

Banco Bilbao Vizcaya Argentaria, S.A.

Global financial group with an essentially retail business model in the field of financial and non-financial services, based in Spain, where it carries out its most substantial activity. BBVA is present in retail and corporate banking, investment banking and monetary operations in financial markets. BBVA also sells products such as investment funds, pension funds and insurance. In addition to its banking activity, BBVA is also active in the real estate sector. In Portugal, BBVA operates through BBVA – Branch in Portugal, the companies Anidaport Investimentos Imobiliários, Unipessoal, Ltda., BBVA Fundos - Sociedade Gestora Fundos Pensões,S.A. and BBVA Instituição Financeira de Crédito, S.A.

Banco de Sabadell, S.A.

Global financial group with an essentially retail business model in financial and non-financial services, based in Spain, where it carries out the most substantial part of its activity. It develops its activity in retail and corporate banking, investment banking and monetary operations in financial markets. Banco Sabadell also sells products such as investment funds, pension funds and insurance and, in parallel to its banking activity, it also operates in the real estate sector. In Portugal, Banco Sabadell operates through Banco Sabadell, S.A. – Branch in Portugal.

Art. 37(1)(c) (Law 19)

Turnover threshold

Horizontal

Closed

Phase 1

Non-opposition