He European Central Bank (ECB) does not see any solvency problems in the public takeover bid (OPA) of BBVA about Sabadell BankThe Bilbao entity has therefore managed to overcome the first filter to carry out the operation. However, the central bank has not commented on the problems related to the skillas reported by OKDIARIO.
This is how he was sent by the National Securities Market Commission (CNMV) through a press release published this Thursday. Thus, the non-opposition on the part of Frankfurt This was one of the steps that BBVA had to take to complete the operation. The ECB’s approval therefore constitutes an additional step in the acquisition process.
“Following the inside information published on May 9, 2024, under registration number (CNMV) 2241, relating to the voluntary public takeover bid (the Offer) made by BBVA for all the shares of Banco de Sabadell, SA (Banco Sabadell), BBVA informs that it has received today the decision of non-opposition from the European Central Bank to the acquisition of Banco Sabadell by BBVA, following the Offer.
“The aforementioned non-opposition constitutes a prerequisite for the authorization of the Offer by the National Securities Market Commission for the application of the provisions of Article 26.2 of the Securities Code. Royal Decree 1066/2007of July 27, relating to the system of public offers for the acquisition of securities,” the press release states.
