BBVA celebrates OPA’s efficiency decision and criticizes SABADEL methodology
president BbvaCarlos Torres, is positively estimated that the National Markets and Competition Committee (CNMC) It was approved on Wednesday your OPA About Sabadil Bank. The opposite position expressed the Catalan group, which criticized the methodology used by the organizer for the aforementioned approval.
Today CNMC has authorized the process between BBVA and Banco Sabadell, a growth project It will create a stronger bank with a greater financing capacity “For companies and families, which we amount to additional 5,000 million euros annually,” Torres said in a statement. The shows confirmed that with this process, BBVA and Banco Sabadell will form the second largest financial entity in Spain through the volume of credit, behind Caixabank.
“The obligations we assume the preference for financial inclusion and regional cohesion and credit for small and medium -sized companies and workers, and They maintain competitionThe head of BBVA added in the areas that we will have a greater presence, such as Catalonia.
Sabadel also issued a statement after the CNMC decision is known, but in the opposite direction: “Banco Sabadell is the entire analysis process for the methodology that CNMC uses because he understands this It is not enough to analyze the banking business union for small and medium -sized companies This, therefore, is not allowed to know the consequences of this focus on these clients. “
In any case, the bank, led by Cesar Gonzalez Will, recalled this The shareholders who decide will be If they accept or reject the offer. Likewise, the Catalan group indicated that when this period of acceptance is opened, BBVA must have made it possible for the shareholders in a clear and transparent way “all detailed information for the process that has not yet been published.”
SABADELL stressed that with current contribution levels, BBVA’s offer is The first negative of 7 %. “This is, those who went to OPA, with Banco Sabadell and BBVA prices today, they will lose 7 %,” he said.
CNMC has discovered risks in the markets of retail, both in services provided to individuals, such as small and medium -sized companies and payment workers, as well as in the media markets, but it considers that BBVA’s commitments “are sufficient, sufficient and commensurate” To solve the problems that this focus is assumed to compete in the affected markets. CNMC will be honored to fulfill the obligations during the specified time. BBVA must inform the competition in the agreed deadlines.
The ball is now on the roof of the government. The Ministry of Economy has a month to ratify the decision to compete or impose additional measures based on the standards of the public interest that differs from competition such as national security or promotion of innovation. The sources of the administration headed by Carlos Bodh confirm that it will decompose with “rigor and details” in OPA as soon as it receives the report, so the maximum wisdom is required until then. Moncaloua has repeatedly expressed her initial rejection of this “marriage” demanding the reasons for regional cohesion
