Brussels of Sabadel Purchase by BBVA “Not seeing the reasons for the blockade” economy

The BBVA OPA in Sabadel was approved by the Bank of Spain, the European Central Bank and the Competition Regulator in Spain, from CNMC. Consequently, according to the Union Executive sources, the European Commission, following these decisions, “did not see the causes of the stalemate or rejection of the operation.” It too Ask the decision taken by the Spanish government “Be connected with the decisions of the competent authorities.” Brussels message comes on the day of the Finance Ministry’s decision to harden or soften the council of ministers to the BBVA’s conditions imposed by the CNMC.

So far, the commission has not officially spoken in the OP, which was launched by the BBVA a year ago. According to efficiency standards, it does not meet it, as the business margins of both companies in the non -Spanish market do not exceed the required limits. Both have a business outside Spain, but the business is outside the EU (United Kingdom, Turkey or Mexico), which is to be pronounced as Spanish CNMC when analyzing the operation competition, and now the Vice President of the Commission is not the section of Spanish Teresa Ribera.

However, in the community capital, a clear warning in the community capital has been launched in the community capital, “He is studying the compatibility of the actions of the Spanish government with the right of EU and does not hesitate to use his powers as a guardian.” “The commission hopes that there is a coherent between the official support of the member states to advance the banking union and the Union of Savings and Investment and its national banking integration policies,” there are the same categories of executive.

This warning concludes translating from the Department of Financial Services Department, which ends from the Department of Financial Services, which sets Portuguese Maria Louis Albukerki, and finally concluded that the government will not act in accordance with the law of the union. Certainly, Albucherki is in Madrid this Monday and is limited in the usual way to point out about the OPA, saying, “Big players can provide better services for cheaper priced.” He has no refusal or support, although some overlapping support operation can be seen.

In the Ministry of Finance, at the same time, it is recognized that “the government is confidently following the regulations in the matter of credit entities and the defense field of efficiency.” It is also suggested that the OPA is not equivalent to the merger and that the corporate operation does not suggest that combination, it is now not the time to pronounce the Commission.

The Community Executive is now based on the arguments to continue this position, although there is no pronunciation in the official way, they will start from a general statement: “The consolidation of the banking sector through national and cross -board merger will help improve the efficiency and profitability of the banking sector,” Executive Financial, Olof Gill.

He is developing the claim that European banks are “not enough to compete in the international scene”. The same logical has explained many times in European Central Bank president Kristin Lagarde in the European Parliament, which was the last time the Italian Bank Unicredit German Camerzbank was purchased. Gill and Lagard are usually starting their exhibitions, they warn that “do not comment on concrete activities.”

They need mergers and acquisitions that create large entities in the entire EU – to create a real bank and capital market in Brussels – and Frankfurt. “The integration of the banking sector – especially on the cross -boarder basis – helps to create a strong and most comprehensive EU Bank union, which is a key pillar to build Europe’s future competitiveness.”

With this public exhibition, the community circles prefer not to give their name, “ECB (based on the opinion of the Bank of Spain),” highlights it further. And “the Spanish Competence Authority has also approved, for example, customers in Spain’s most remote areas do not lose access to automatic ATMs and loans to SMEs.”

On October 11 last year, the Commission has already requested information from the Spanish state about the situation. Now he points out, “He noticed the CNMC decision that authorized the operation on April 30, 2025.