The government launches Public consultation that Pedro Sanchez announced on Monday O BBVA OPA for purchasing Bank Sabadell BankField within seven working days, until May 16, Any citizen, company or association can pronounce for operation It was proposed by the BBVA board of directors after receiving the approval of the National Commission for Markets and Competition (CNMC).
“This initiative is consistent with the current rules and respects the procedure, terms and powers of all institutions participating in the process. As in other public consultations in our regulatory framework, these citizens, organizations, associations and economic agents that may affect the operation, ”the public note explained. Ministry of Economics.
From May 16, The government will have another week to analyze information about consultations and decide whether to raise this operation in the Council of Ministers or not. Introduce the conditions. If you decide to do this, the head will have a period of 30 days to note these possible restrictions.
These conditions may coincide with those who control CNMCWhat approved OPA with an obligation that BBVA will hold branches that are located in areas with fewer competitors, or support the terms of contracts that have already been signed.
An unprecedented process
This public consultation will be the first to move from the government in relation to corporate activity. With her, The government can be strengthened to cause obstacles to the operation of BBVASince, according to the head, a higher concentration in the banking sector may be a threat to users of the financial sector, which will force them to affect the reduction in proposal and a possible increase in interest rates.
