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Spanish Competition Authority Advocates for Expanding OPA Regime to Multilateral Trading Systems

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Photo: Photo by Chris Boland on Unsplash

The Spanish competition authority, CNMC, supports the extension of the takeover bid regime to multilateral trading systems, aiming to enhance market competition and consumer protection.

02.07.2025 | Spanish competition authority


The Spanish competition authority, known as CNMC, has expressed a positive stance on extending the takeover bid regime (OPA) to include multilateral trading systems. This initiative is seen as a significant step towards improving market dynamics and ensuring fair competition.

By broadening the scope of the OPA, the CNMC aims to create a more competitive environment that benefits both consumers and businesses. The authority believes that this extension will facilitate better market practices and enhance transparency in trading activities.

The proposal is part of CNMC's ongoing efforts to monitor and regulate market activities, ensuring that companies adhere to fair competition standards. The authority emphasizes the importance of protecting consumer interests while promoting a balanced market landscape.

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