Spanish bank BBVA's hostile takeover of Banco Sabadell remains in limbo.
BBVA continues to pursue approvals from regulators, including Morocco's central bank, Bank Al-Maghrib.
BBVA aims to enter the Moroccan market by taking over Sabadell's branch, targeting trade relations and serving Spanish companies with business interests.
If the takeover is successful, the combined bank will have €1 trillion in assets, with vast opportunities in Morocco's trade and remittance markets.