BBVA sees the general advice on OPA to the unnecessary Sabadell and hopes not to reach the Council of Ministers
BBVA president, Carlos TorresTuesday considered that Governmental public consultation around Oba the Sabadel “It was not necessary.” Because he does not see the reasons for public attention to the process, and for this reason, he hopes not to reach cabinet. Torres, in an interview in a cup, insisted that the exchange view is “very generous” and there are no reasons for improving it.
Once general consultations are closed, the Ministry of Economy must decide before May 27, if the case is submitted to the Council of Ministers. The head of the Basque Group does not see the reasons for this, so he is confident of that SABADELL shareholders can choose their future “soon”.
If the operation finally arrives at the Council of Ministers, the government will have another month, until June 27 It reveals if it imposes additional conditions. Therefore, Torres estimates that in the worst cases, the stock exchange will open in the worst days.
The banker emphasized this The process is good for everyone.For companies because it means a “stronger” ally, with the ability to give more credit and help in internationalization; For employees because it is an opportunity to grow; For the Saladell shareholders because they benefit from a greater benefit to work and “more stability”; For society, because the new group in 5,000 million is its additional ability to grant credit.
In addition, Torres remember it The National Committee for Markets and Competition (CNMC) authorized the “operation With “very strong” obligations by BBVA, which translates into Now it is “much better” for everyone.
Bet on Catalonia
Torres also indicated that BBVA is the bank that More is growing in Spain in the small and medium -sized companies sector – One of the four bank customers in 2024 chose the entity- and in the case of Catalonia, they did one in three.
In this line, he added that his bank “is”Very important in Catalonia“It has 2.5 million customers and about 4000 employees. It is the bank that has chosen society in the past ten years, and he was sentenced to it, and he denied that the region lost decision -making centers if the process is crowned because BBVA said from the first moment that it will maintain the sabadell headquarters in Sant Cugat del Vallés.
“A separate value is more than together”
From the other part, also on Tuesday, the president of Sabadell, Josep Olio, said that he notes “social and commercial hustle” unlike OPA and added that this opinion coincides with his vision that both banks generate more value than that than together. “To justify this, he presented a wide range of statements conducive to the entity he heads to keep this It has a wonderful single futureAs since 2020, its price has doubled for eight.
This has been indicated at a conference of the business meetings that the Chamber of Commerce promotes in Alican “You don’t have good prospects”.
Olio emphasized that Sabadel is a Spanish Berrreremion Bank BBVA “Not a Spanish Bank”, But “half” from Latin American countries as well as from Türkiye, as it has a great presence.
He stressed that “Sabadell is a bank that has a soul and that it is difficult to reproduce in a foreign house,” and stressed that although it has a Catalonian origin, he is trying to develop A Spanish integration project made of Catalonia “ With “the task of service and helping to create wealth in the societies in which it is.” On the contrary, he continued, that BBVA “has a very important international project and has achieved well” but it is a business model other than Sabadell, who insisted on its goal, “Spain and services companies in various independent societies.”
Among the shareholders, they recalled that they were the ones who will finally be pronounced on the intentions of BBVA, but he indicated that the danger of betting on Sabadil was “low” while joining the Kayan Carlos Torres. “Olympic insisted on this idea that” OPA is to be at risk “, and he said that. I will try to transfer this message to shareholders “Until they take into account and know how to see what their money is playing” as soon as they study the operation booklet.
