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During the the War of Devolution, Louis XIV and Leopold I signed a treaty which would partition Spain in the event of the death of Charles II (the event which OTL started the War of the Spanish Succession). France claimed the France-Comte, the Spanish Netherlands, Navarre, and Naples-Sicily. Leopold would receive Milan, Spain proper, and Spain's colonies. Historically, however, Leopold refused to ratify the treaty, fearing worse relations with Spain.
What if Charles falls terminally ill at the time of the treaty, Leopold goes through with it, and Charles dies a few months into the war? How do the Hapsburgs deal with their newly-acquired colonies? How smooth is the transition in ownership of Spain? How does a French Two Sicilies affect French and European politics?
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