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Spanish Competition Authority: CNC approves Caixabank/Banco de Valencia tie-up, following commitments

( February 28, 2013, 16:25 GMT | Official Statement) -- MLex Summary: The Spanish competition authority has cleared Caixabank's acquisition of exclusive control of Banco de Valencia, following the acquirer's commitment to not send any representatives to the boards of directors of Agbar and Aguas de Valencia at the same time, avoiding thus potential competition problems.  Post-transaction, the group which holds a minority stake in Aguas de Barcelona, will acquire an indirect stake in Agua de Valencia. Both companies are active in the water management markets.The full press release in the Spanish original follows:...

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