PP warns of ‘sudden government overreaction’ to BBVA takeover bid for Sabadell

Rain of reactions BBVA initiates hostile takeover of Banco Sabadell. In the case of the People’s Party, they claim that they comply with “the agreements that private companies can reach,” and in the case of the operation, they believe that “it is important to know the opinion of the competent organizations.”

Sources from Genoa believe that “it is appropriate wait for the analysis of the Bank of Spain and the National Securities Market Commission

about the consequences of a possible merger. The organizations tasked with enforcing the rules will determine what impact this has on bank concentration and competition,” they noted during a training session he led. Alberto Nunez Feijoo. However, popular barons, such as the President of the Valencian Community, Carlos Masoncategorically rejected the operation.

Of course, the PP said that “the government knew about the hypothetical merger and did not censor it until the eve of the end of the campaign in Catalonia.” Therefore, such a sudden abuse of power on the part of the executive branch is not credible.”

Connected

It is worth remembering that Minister Bolaños last week noted that the operation was “good news”, raising suspicions that BBVA could launch the operation in agreement with the government.. However, this week the position of the executive branch is different: they are against it. “We have the last word and we reject the operation,” the economy minister said on Thursday. Carlos Bodie. What is the reason for this turn of events?

The PP believes that “it is important to ensure that the outcome of a commercial transaction is not detrimental to the general interests of the workplace and the rights of customers and users of businesses. We understand the concern that any operation that does not accommodate this arrangement between administrations, institutions, SMEs and depositors,” they pointed out.