CNMV Chief Proposes Expanding Ibex 35 to 50 Companies, Reducing Bank Dominance

The head of Spain's stock market regulator, the CNMV, has suggested expanding the Ibex 35 index to include up to 50 companies. This move aims to diversify the index by sector and reduce the significant weight of large banks, which currently represent about 40% of the benchmark. The regulator also called for reforms to the takeover bid law, citing lessons learned from a recent failed acquisition.