US EditionDíaz bets to stop BBVA’s opa on Sabadell after the competition’s approval
19 Articles
19 Articles
The green light of the National Commission of Markets and Competition (CNMC) to the hostile opa of BBVA on Banco Sabadell, which leaves the ball on the roof of the central government, has coincided with Labor Day. Hence the steps to be followed by the Executive of Pedro Sánchez, with his partner against the operation, has been one of the star themes in the interventions of unions and parties before participating in the march with which the event…
The reactions to the Competition decision to give the unanimous approval to BBVA’s hostile opa about the Banc Sabadell have not been delayed. Both employers and trade unions and consumer associations have shown their rejection of the decision of the body responsible for ensuring the proper functioning of the markets. One of the first to express their opposition has been the second vice president of the Government and Minister of Labour, Yolanda …
The second vice president of the government, Yolanda Díaz, has chosen this Thursday to stop BBVA’s opa on Banco Sabadell, which, after a marathon day, received the approval of the National Commission of Markets and Competition (CNMC) and whose future is now, precisely, in the hands of the government. The Executive, through the Ministry of Economy, Commerce and Enterprise, has the last word about the operation and can decide to stop it, reduce th…
The Minister of Labor argues that the operation is going to "strengthen even more" the financial oligopoly in Spain, would involve some 5,000 layoffs due to the closure of offices, would exacerbate the systemic risk in addition to increasing the financial exclusion. First, Moncloa; then, the vote of the shareholders: the vote of BBVA for the Sabadell could be extended until summer The second vice president of the government and minister of Labou…
Second Vice-President and Minister of Labour and Social Economy, Yolanda Díaz, described as "very bad news" that the National Commission on Markets and Competition (CNMC) has conditionally authorized BBVA's OPA on the Sabadell Bank and argued that "the government has to do what it has to do, which is to stop this operation and take the side of the common good."Díaz expressed himself in these terms during an interview at RTVE where he commented t…
Competition resolves the case after more than 11 months of analysis
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