US EditionEC Finalising Infringement Proceedings Against Spain for Additional Conditions Imposed by Government on BBVA's Sabadell Takeover Bid
19 Articles
19 Articles
«We do not yet have information on the opening of any infringement proceedings». This was said by the Minister of the Economy, Carlos Córdoba, about the information advanced by 'Expansión' which ensures that the European Commission will punish Spain for the conditions imposed on BBVA's OPA on Banco Sabadell . According to that information, Brussels considers that the government has exceeded its limits and that its actions are against the free mo…
From the moment the government decided to add conditions to BBVA’s decision on the Sabadell, it knew that it was facing the opening of an infringement procedure by the European Commission. It is implicit in the own warning that Brussels launched anonymously when even before the executive took any decision it warned that it was studying “the compatibility of the Spanish government’s measures with EU law and will not hesitate to use its powers as …
By 16 July the decision of the Tar. Race the title
The pressure for the price that BBVA wants to buy Banco Sabadell is back in the epicenter of the operation. The Catalan group has exceeded on Wednesday the 3 euros per stock exchange, a level that has not reached since 2009 and that leads it to widen the gap between its current quote and the hostile offer posed by the team of Carlos Torres. The Basque origin entity offers its own share for every 5,3456 of Sabadell plus 0,7 euros in cash. With th…
The Sabadell has not managed to stop the flight of investment funds in its manager in the final stretch of the public offer of acquisition of shares (opa) launched by BBVA. The Catalan entity has been seeing resource outflows by its customers in these products for two and a half years. A loss of business that is not only suffering in this segment of activity, but has also spread to others, as certified by the National Commission of Markets and C…
The Minister of Economy, Commerce and Business, Carlos Córdoba, will appear next Thursday, 17 July, in the Joint Commission (Congress-Senate) for the European Union to account for the blockade that Brussels has imposed on 1 billion euros of European funds belonging to Spain for failing to meet the commitment to raise taxation on diesel and investments in digitization of regional and local entities. These two reforms were milestones that the gove…
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