Spanish stock market supervisor authorizes BBVA's takeover offer for Sabadell

MADRID, Sept 5 (Reuters) - Spain's stock market supervisor on Friday approved BBVA's BBVA.MC takeover offer to acquire smaller lender Sabadell SABE.MC.

The green light is part of the regulatory process for the Spanish bank's 14.6 billion euro ($17.09 billion) hostile takeover bid for its smaller rival as it aims to create the second-biggest bank in terms of Spanish assets after Caixabank CABK.MC.

($1 = 0.8542 euros)