President BPVACarlos Torus positively estimated that the National Markets and Competition Authority (CNMC) Your OPA was recognized on Wednesday About him Sabadel Bank. The opposite level has revealed the Gadalan Group, which has criticized the method used by the controller for that approval.
“Today, CNMC has recognized the operation between BPVA and Bango Sabadel, which is a growth plan Creating a strong bank with high financial capacity To the companies and families that we assess 5,000 million annually, “Torus explained in a statement. With this action, the PPVA and Bango Sabadel insisted that the BPVA and Bango Sabadel would create a second largest financial institution in Spain. Kaisabank.
“The obligations we assume are financial admission, regional synchronization and SMEs and credit to self -employed, and They protect the competitionIn terms of large presence like Catalonia, “the BPVA leader said.
Sabadel has issued a statement after the CNMC results, but in the opposite direction: “Bango Sabadel opposed the full analysis process for the use of CNMC because he understands it because he understands it Analyzing the Union of Bank Business for SMEs is not sufficient Therefore, this concentration does not allow those customers to know the consequences. “
In any case, the bank led by Caesar Gonzalez-Weld recalled it This is the only partners who decide If they accept or reject the offer. Similarly, if this period of concession is opened, the Learning Committee has pointed out that the BPVA should have received all the “detailed information of the operation that has not yet been published in a clear and transparent way.
With the current contribution positions, Sabadel stressed that the BPVA offer is a concession The first negative is 7%. “That is, those who have gone to the OPA will lose 7%with the final prices of today’s Bango Sabadel and BPVA,” he said.
The CNMC has found risks in retail bank markets, both of which are SMEs and self -employed servants, as well as the payment media markets, but it is considered it. The obligations paid by PPVA are “adequate, adequate and proportional” To solve the problems that this concentration considers to competition in the affected markets. The CNMC will oversee the execution of duties at the time of imposed. The competition must be reported in the BPVA agreed deadline.
The ball is now on the roof of the government. The Ministry of Economic Affairs has a month to recognize the skill or impose additional measures based on the criteria of public interest from the competition, such as national security or innovation. The sources of the department headed by the Carlos Badi say that once the report is received, the OPA will be analyzed by “harshness and detail”, so it asks for maximum wisdom. Monklova repeatedly revealed this ‘marriage’ initial rejection of the reasons for regional synchronization
