Latest news from BBVA and Sabadell live | Guindos says the ECB will review the operation to ensure the stability of the financial system | Companies

Sumar calls CEOE ‘hypocritical’ for asking for ‘respect’ in face of what’s happening with takeover bid

Zumara’s representative in Congress, Iñigo Errejon, considers it “hypocritical” that after bailing out banks and companies during the crisis, CEOE President Antonio Garamendi is now asking the government to respect the decisions they can make BBVA and Sabadell. regarding the hostile takeover proposal put forward by the former.

“You have to be less hypocritical, because when the state had to intervene to save them, to save the organizations with public money, it seemed ideal to them,” Errejon said in Congress this Thursday in response to Garamendi’s words.

The employers’ association president specifically stated that companies are “free to act, participate and make proposals or not,” although he asked that, whatever happens, decisions be respected by “one or both parties, as well as shareholders.” .

For Errejon, this means that the highest representative of the employers’ association “agrees with the proposal for a hostile takeover” and with the request for the state to “not interfere” and “not interfere.” Likewise, Errejon stressed that the government has “the final say” on this operation and it is “abundantly clear”: “This takeover proposal will not be implemented.”