The government resorted to an unprecedented action to stop BBVA OPA on Sabadell
he Prime Minister, Pedro SanchezNo, no one was indifferent during the opening of the annual meeting of the Department of Economics. The executive leader took advantage of his intervention to show his messages in OPA from BBVA on Banco Sabadell With the announcement of a public advice before determining whether it supports the agreed obligations National Committee for Markets and Competition (CNMC) or hardening them. The grandmother in this case is that the first time that Moncaloa resorted to the mechanism mentioned in an enemy process, While it is a usual procedure In legislative processes.
Sources from the Ministry of Economy, Trade and Business They explain that, as with other general consultations, it will be available from Tuesday on the website of the ministry mentioned above, allowing to be part of the process for everyone who has something that contributes, and in addition, information can be provided. The aim of the government is to present the minister in that fifteen of the working days to determine whether OPA will be raised or not raised to The Council of Ministers, another layer to obtain information. It is not a matter of discussing whether or not there is competition, which was already responsible for CNMC, but to give an opportunity if someone wants to add additional information.
This process is open to everyone who has something that contributes to, which includes multiple groups of social agents to any citizen. These second opportunitiesD for anyone who was outside the market test conducted by the organizer, including UGT and CCOO unions, especially criticism of fusion, but also employers such as Catalani Promoting work or Banco Sapadel. About 40 agents participated in this consulting, and was about half of the financial entities. It must be remembered that the agency headed by Cani Fernández only allows itself to appear as an interested part of Banco Sabadell, with the exception of 79 organizations.
The same sources explain that Sewing has been implemented by Moncalo Do not change the regulation times through which OPA should pass. The Ministry of Economy and Trade and the company has fifteen working days To study if it raises it to the Council of MinistersWith the ability to harden conditions. From BBVA, they were affected again and again “They can always return if the circumstances They are very demanding, although they trust that it will finally go ahead.
Contributions to the aforementioned consultation are confidential, not binding. However, it can be useful when taking my side. the CNMC gave its support for the process with obligations he Last Wednesday. It can also be released from the spread document, they are covered from the beginning of the weak customer account to preserve 35 offices specialized in Panco Sabadil companiesAs well as administrative employees. They are also planning to continue in those municipalities with a population of less than 5,000 people, where at least one of the parties works, in addition to ensuring funding in the short term Small, medium and independent companies in useful circumstances.
The organizer considers that all of these measures, which pass from 18 months to three years “Sufficient, Sufficient and Provider” To solve the problems that this focus is assumed to compete in the affected markets. BBVA, which raised these initiatives to CNMC, She expressed her “maximum respect” To this announcement, then, he defends that these initiatives “prefer social inclusion, regional cohesion and credit for small and medium -sized companies.” “The Union is a project not only for growth, but also leads to benefits for all, in Catalonia, Spain and Europe,” added the head of the Basque origin group, Carlos Torres.
