Spanish Government Sets Out Conditions for BBVA's Takeover of Sabadell

El Pais

Lean Left

Factuality

Ownership

The soap opera is long and the writers already want a final brooch. BBVA’s portfolio of public takeover bid (opa) on Sabadell Bank has been open for too long. With a first season, in 2020, where the proposal was friendly. And a second part, begun in May 2024 already in a hostile way, which is lengthening more chapters of the account. Following the positioning of the competition authorities and the conditions imposed by the government this week —…

20minutos

Center

Factuality

Ownership

The government's veto on the merger of BBVA and Banco Sabadell for at least three years gives way to a new timetable. Pending the Basque group's ruling and saying if it goes ahead, accepting these conditions aims to look into 2028, when the Council of Ministers will consider the effectiveness of this measure before deciding whether to extend it for another two years. To this end, it will rely on the reports that each entity must prepare between …

Merca2.es

Factuality

Ownership

The president of the Spanish Confederation of Business Organizations (CEOE), Antonio Garamendi, has reproached the government for what he considers to be an excessive politicization around BBVA’s OPA on Banco Sabadell, as well as the unnecessary prolongation of the process. As he defended during his speech in the summer course “Forty years of Spain’s accession to the EU”, organized by APIE with the sponsorship of BBVA at the Menéndez Pelayo Inte…