The government opens on Tuesday Public consultation to Own decision of the executive branch On the proposal of public acquisition (OPA) BBVA on Banco Sabadell with the desire to collect the opinion of organizations, citizens and associations about this operation.
His own president of the government, Pedro Sanchez, announced this decision after the National Commission for Markets and Competition (CNMC) Gave green light opa last week, but With certain conditions.
Now the Ministry of Economics must decide whether the issue in the Council of Ministers is to evaluate the possibility Harden Op of claim Participation in criteria of general interest. In this context, according to Sanchez, public consultation will serve to “make this decision with all guarantees.”
Public consultation This is an unpublished procedure For operations of this type. “This procedure complies with the rules and is ordinary in the corporate area, although in hostile OPAS processes this is the first time when it is used,” they explained to the Europa Press in Fuentes of the Ministry of Economics.
When will public consultations be launched?
As already mentioned, the President of the Government announced at the opening of the annual meeting of Cercle D’Comia, which will begin public consultation on this Tuesday with a form that will be available On the page of the Ministry of Economics.
In particular, at 16:30 this will be when the consultation is hanged at the web, the ministry. This will be a form that citizens, organizations and associations can be filled so that the ministry has more information about OPA and mailbox to receive additional charges
He The maximum limit that can be open This process is 15 working days of the Minister of Economics, Carlos, to decide whether to raise the operation to the Council of Ministers to introduce conditions. After the ministry’s proposal is in the State Council, a new period of up to 30 days is opened so that the Council of Ministers will announce its final decision.
Who can participate?
Unlike the process that has opened in CNMC, where only organizations affected by this operation can be appealed, consultation of the ministry also covers private citizens and allows them (in addition to associations and economic organizations) can express your comments or observationsIn addition to the field, as the main attention is now focused on issues outside of competition, they can be expressed on issues related to common or other interest.
At that time, CNMC registered 79 employees from business -associations, trade unions or chamber. The regulator rejected them all, with the exception of Banco Sabadell.
This is not a vote, if not a consultation in which a person who wants our country to participate in his point of view and Providing proposals for this operation.
What are its consequences?
Executive sources indicate that the contribution collected in public consultations are secret and not obligatory, but They will be useful in making decisions on the operation.
Sanchez protects that this consultation will serve “make this decision with all guarantees “They say that from the government, from the government, in order to get “another level of information”, in this case with an emphasis on common interest.
What do BBVA and Sabadell think about this solution?
President BBVA, Carlos Torres Vila, showed “maximum respect” To this public consultation. The manager explained that the trade union with Sabadell is the project “not only for growth, but also leads to the benefits for everyone” in Spain, in Catalonia and Europe.
For his part, President Sabadella, Josep Oliu, answered the questions of journalists about what seemed like a movement, pointing to it I think this is “positive” Let important questions ask a question.
