March 18, 2020 / 5:51 PM / 12 days ago

Spain's CNMV recommends approval of BME takeover by SIX

MADRID, March 18 (Reuters) - Spain’s stock market regulator CNMV issued a favourable recommendation for the Spanish government to approve a proposed takeover of Madrid bourse BME by Swiss exchange SIX, a CNMV spokesman said on Wednesday.

The government has the final say on the clearance of the friendly, all-cash 2.84 billion euro offer, and has until May 6 to issue its ruling. (Reporting by Belen Carreno, Jesus Aguado, writing by Andrei Khalip)

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