US EditionBBVA Does Not Respond to the Consultation that the Government Opened on the OPA by Sabadell, Which Has Participated in the Process – Pledge Times
- BBVA chose to abstain from taking part in the Government's public consultation regarding its takeover bid for Banco Sabadell, whereas Sabadell took part in the process.
- The consultation, opened for the first time on this type of corporate operation, aims to gather relevant opinions rather than approve or reject conditions or the offer itself.
- The National Markets and Competition Commission approved the operation conditionally, identifying risks in retail banking, payment services, and SME markets, with commitments lasting up to three years.
- BBVA plans to increase its loan capacity by 5 billion euros and CEO César González-Buenos stated the operation requires significant remedies to mitigate potential harms.
- The consultation outcome will inform the Executive, and Economy Minister Carlos Corpora emphasized it seeks qualitative input from affected parties rather than a simple yes-or-no response.
25 Articles
25 Articles
The Government’s Public Consultation on Sabadell’s Opa Ends without BBVA’s Participation
The government’s public consultation on BBVA’s opa to Banco Sabadell comes to an end. The deadline has ended this Friday to be able to participate in that kind of referendum organized by the Ministry of Economy to arm itself with arguments and opinions for intervening in the operation in the so-called phase three. BBVA has refused to participate, and from the company they point out that “there are no factors of general interest affected by the o…
Sabadell Prepares Its Response to the Government’s Public Consultation on BBVA’s Opa
Banco Sabadell has prepared 'in extremis' its response to the government's public consultation against BBVA's opa. The entity's board of directors met this Thursday with the aim of unifying the arguments and responding specifically to the elements of general interest that "are at stake", as it has been able to know 'Economic Information' from market sources. The Catalan group had previously prepared a draft that will be thoroughly studied by the…
BBVA clings to the shareholders of Sabadell, the "legitimate owners" of the bank, as a table of salvation of the OPA
The president of the Vizcaíno origin bank, Carlos Torres, assures, in reference to the politicization of the attempt to merge, that the process “is an opportunity to continue demonstrating that in Spain things are done well” and that “we trust in our institutions and in our normative framework”The “common interest”: pros and cons (political) of the OPA from BBVA to Sabadell El BBVA perceives that it does not have anyone who wants it. The public …
BBVA does not respond to the consultation that the Government opened on the OPA by Sabadell, which has participated in the process – Pledge Times
BBVA has decided not to participate in the public consultation opened by the Government on the Public Acquisition Offer (OPA) announced by the Entity on Banco Sabadell, as they have transferred to Europa Press in sources close to the bank chaired by Carlos Torres. “BBVA considers that there are no general interest factors affected by the operation,” these same sources point out, which suggest that the commitments assumed by the Bank before compe…
BBVA Denies Factors of General Interest in the Opa and Refuses to Participate in the Consultation
The unpublished public consultation on the hostile opa of BBVA al Sabadell was closed this Friday with the first ruling out participating but pointing out that “there are no factors of general interest affected by the operation” and the second responding to the questionnaire but without detailing the content. During the last seven days, the main entities and associations have participated in the consultation. The last ones that made it public we…
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