Catalan employers charge strong against BBVA al Sabadell’s opa: “SMEs will lose 75 billion in funding”

Catalan entrepreneurs are redoubling their speech against the opa that BBVA has launched on Sabadell, waiting for the National Commission on Markets and Competition (CNMC) to rush the deadline to present its terms of the operation. And they are doing so to warn about the consequences that such bank integration would have for small and medium-sized enterprises (SMEs) in terms of loans: "They will lose 75 billion euros in financing", said the pres…

Market Consensus Link Securities Expansion highlights today that BBVA (BBVA) has improved the commitments for the merger with Banco Sabadell (SAB) that the Competition Authority (CNMC) recommended to it last week. Thus, BBVA has increased from 18 months to 36 months the term of maintenance of offices and access to ATMs of SAB, in areas with low population with low incomes or low competition. The entity has also committed to maintaining the volu…

Carlos Córdoba, Minister of Economy of the government of Sánchez, said on Wednesday that he fears that the hostile takeover bid (OPA) on 100% of Banco Sabadell's shares announced by BBVA in the National Securities Market Commission (CNMV) will be "a setback in access to financial services for citizens, particularly in rural areas."On the other hand, the Extremaduran politician recalled that the OPA is currently being analyzed by the National Com…

Business organisations and trade unions warn about the negative impact on credit for SMEs Read more Unanimous rejection of BBVA's opa on Banc Sabadell in News.es.

BBVA defends itself against the figures transferred this Tuesday by the president of the employers' Foment del Treball on the possible impact of the hostile OPA presented on the Sabadell Bank by the Basque entity. Josep Sánchez Llibre said that, if the operation goes ahead, the financing for the SMEs and autonomous ones would be reduced by 75 billion euros. "It is 50% of the credit that Sabadell gives to the SMEs, which is 150 billion euros", he…

The offer of purchase (opa) presented by BBVA by the Sabadell is entering its decisive phase and all the agents around it are mobilizing in an unknown way in the banking sector to try to decant its result according to their interests. In this context it must be interpreted that the business associations that oppose the operation and support the defense of the Catalan entity against its rival of Basque origin have called this Tuesday in Madrid an…