BBVA has recently announced that it has received approval from the ECB for its hostile takeover bid for Banco Sabadell. However, the bank will also need the approval of Spain’s antitrust watchdog CNMC and its stock market supervisor for the bid to go through. Carlos Torres Vila, BBVA’s chair, said on the bank’s website: “Today we have received the green light from the European Central Bank for our offer to the shareholders of Banco Sabadell. This is a very significant new milestone that further underscores the strength and solvency of this project. “The combination of Banco Sabadell and BBVA c…