US EditionBbva Withdraws Its Appeal to the Supreme Court for the Conditions that the Government Imposed on the Opa
9 Articles
9 Articles
BBVA has withdrawn from the administrative appeal that it filed before the Supreme Court against the agreement of the Council of Ministers that imposed additional conditions to authorize its opa over the Sabadell, including that of not being able to merge the two banks in at least three years, extendable to two more, as El Español has advanced. Sources of BBVA, the decision to desist has been taken because "the main object of the decision was to…
BBVA withdraws the appeal filed with the Supreme Court against the government for its interference in the opa – finally failed – to acquire the Sabadell, according to official sources of the financial institution confirmed to this newspaper. The bank frames its withdrawal “because the main object of it was to annul the status of the Council of Ministers, which has lost its validity because the OPA has not prospered”, they explain.
BBVA has withdrawn from the appeal filed with the Supreme Court on the condition imposed by the Government that prohibited a merger between the two entities up to at least three...
BBVA has withdrawn the appeal filed before the Supreme Court against the conditions imposed by the government on the Opa on Sabadell when considering that it has lost its validity, once the operation has been terminated.Continue reading...
Bbva Withdraws Its Appeal to the Supreme for the Conditions of the Government in the Opa to Sabadell
He took it that the main purpose of the resolution was to annul the status of the Council of Ministers, which had lost its validity since the opa had not succeeded.
BBVA has decided to withdraw its appeal to the Supreme Court against the government's agreement that, in practice, prevented integration with Banco Sabadell for at least three years in the event of the success of the opa launched on the Catalan entity. According to a spokesman for the bank to Europa Press, the entity has chosen to desist because the fundamental objective of the appeal was to annul the condition imposed by the Council of Minister…
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