Banco Sabadell urges the government to prioritize “the common and future good of Spain” before the BBVA OPA

Sabadell Bank  officially stages his return to Catalonia. Two months after approving the return of your registered office to the historical headquarters of the SAN ROC DE SABADELL SQUARE (Barcelona), the entity celebrates this afternoon a General Shareholders Meeting marked by the OPA of BBVA whose ordinary meeting of the shareholders will be precisely tomorrow.

In a previous meeting with media, the Bank president, Josep Oliu has placed Government to “ensure the common good and future of Spain and think if this operation suits the country.” The banker has assured that “SMEs y large companies They have been horrified with a OPA in which the shareholders of Sabadell and also those of BBVA “.

“I had long wanted the bank to return to Catalonia and now the circumstances have occurred,” he explained regarding the decision to return to this autonomous community more than seven years after having transferred his registered office a Alicante after him referendum illegal self -determination of October 1, 2017.

On the same line, the CEO of Banco Sabadell, César González-Buenohas assured that the Public Acquisition Offer BBVA on the entity that directs “endangers the well -being” of Spain for its affectation on business fabric and, especially, on SMEs.

“The government cannot stop the OPA, but to change the conditions of a dangerous operation for the country because it affects 70% of its tissue of small and medium enterprises,” said the first executive of the Catalan bank.

CNMC decision

Shareholders’ boards of both financial entities arrive at a key moment for OPA. In the coming weeks it is expected that the National Commission of Markets and Competition (CNMC) Approve the hypothetical fusion subject to commitments that BBVA believes enough to maintain the competition, but that Banco Sabadell claims to go further.

After the resolution of the regulatory body, the government could raise the issue to the Council of Ministers and impose additional measures linked to general interest. In this sense, OLIU has been convinced that the executive of Pedro Sánchez will understand “the damage” that the operation can have in Cataluña the Valencian Community o to Murcia region“The territories where the business fabric has manifested more against OPA.”