The president of CNMV, Rodrigo Buenaventurarecognized this Tuesday in the Congress that “the Iamputation of BBVA for the case Villarejo “may have consequences and present significant risks” for the public purchase offer announced on Bank Sabadellbut believes that vetoing the operation for this reason would be “exaggerated”.
“It’s a significant risk but not so much within the OPA, but it is a listed bank today, the shareholders of BBVA has the right to know how this process evolves and what risks it involves. This is why the CNMV asked the bank to update its brochures continued to include this information. I was asked whether the takeover bid should be suspended because of this, but then trading would have to be suspended. I consider that it would be exaggerated, it is enough to inform,” explained Buenaventura during his appearance.
