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BBVA Replies to the Government: "The Union with Banco Sabadell Is Good for the General Interest"

Summary by 20minutos
BBVA's general manager in Spain, Peio Belausteguigoitia, argues that the potential union with Banco Sabadell "is good for the general interest, for customers, for employees and shareholders", which he hopes will be able to decide after the government filter. During his participation in the 20th edition of IESE Banking, organized by IESE and FTI Consulting, the group's national 'country manager' has responded to the government, which last week de…

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BBVA defends itself and places the emphasis on the intricate process of regulatory approvals that has already fulfilled its hostile opa on Sabadell weeks before the government pronounces itself. Peio Belausteguigoitia, head of his business in Spain, has weighted, as a final example, that the commitments undertaken with the National Commission of Markets and Competition (CNMC) to unblock the transaction also assume the general interest, which is …

·Spain
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Center

BBVA's general manager in Spain, Peio Belausteguigoitia, argues that the potential union with Banco Sabadell "is good for the general interest, for customers, for employees and shareholders", which he hopes will be able to decide after the government filter. During his participation in the 20th edition of IESE Banking, organized by IESE and FTI Consulting, the group's national 'country manager' has responded to the government, which last week de…

·Madrid, Spain
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elcorreogallego.eselcorreogallego.es
Reposted by
lacronicabadajoz.comlacronicabadajoz.com

BBVA's offer of purchase (opa) on Sabadell has entered its decisive phase, waiting for the government to decide whether or not to impose additional conditions that could make the bank of Basque origin desist or the shareholders of the Catalan entity reject its proposal. A choice that BBVA has been defending that the Executive has no reason to take, as the head of its Spanish subsidiary Peio Belausteguigoitia has again held on Tuesday. "We consid…

BBVA's country manager in Spain, Peio Belausteguigoitia, stressed this Tuesday that the takeover bid for Banco Sabadell is "positive for the general interest", both for customers, employees and shareholders....

The Director General of BBVA in Spain, Peio Belausteguigoitia, has assured that the OPA that he intends to undertake on Banco Sabadell is "positive" for the general interest, in a clear nod to the Government. It should not be forgotten that the Ministry of Economy headed by Carlos Córdoba chose to forward the operation to the Council of Ministers to examine issues of general interest. Within thirty days, the Government will have to study the OPA…

Granada HoyGranada Hoy
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huelvainformacion.eshuelvainformacion.es

The manager of the bank in Spain details the measures that are planned to protect the competition if the acquisition is executed Economy raises to the Council of Ministers the hostile opa of BBVA on the Bank Sabadell

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20minutos broke the news in Madrid, Spain on Tuesday, June 3, 2025.
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