US EditionFoment Calls BBVA's Opa "Amortized" because Government Conditions Make It Impossible
4 Articles
4 Articles
The president of Foment del Treball, Josep Sánchez Llibre, has considered that the merger of BBVA and Banco Sabadell is already impossible: "With the conditions that the government puts on the table, this hostile opa can be considered amortized, because it does not interest the shareholders."He has said this in a statement after the government has authorized the OPA on Tuesday if they remain as independent banks for 3 years, and also in that per…
ERC trusts that with the requirements of the Executive, the operation "failures" and Foment considers it "amortized"
The Catalan employer Foment del Treball has welcomed the new conditions proposed by the government for the opa of BBVA al Sabadell, since it considers that with these requirements the operation is amortized. The business entity has shown itself from the first moment contrary to this operation because it considers that it damages the general interest and the territorial balance, among other aspects. Continue reading...
The Council of Ministers has approved the opa, but requires both entities to act as independents for at least three years.
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