The National Commission for the Securities Market (CNMV) suspended precautionary BBVA and Sabadell In anticipation of the announcement that The government will fulfill OPA.
This decision, which expected the president of the head yesterday, Carlos San Bazilio, who studied him along with the Ministry of Economics, Trade and Business, is undertaken “The volatility and uncertainty of the market.”
This is the practice that CNMV performs when They report relevant information What can cause strong differences in the stock exchange. BBVA and Sabadell shares increased in the first minutes of iBex, by more than 2% in the case of BBVA and 1.5% for Sabadell.
The government will announce its decision on OPA BBVA on Sabella and reveal whether it will strengthen the conditions established by the National Commission for Markets and Competition (CNMC), which is authorized The second phase operation is with obligations.
Since it was known that BBVA launched OPA on Sabella in May 2024, the government has publicly demonstrated its disagreements with an operation from the impact on Employment, financial integration and territorial cohesion.
The legislation gives the government to impose the conditions for the operation – the entrance for those who are already established by the National Commission for Markets and Competition (CNMC) – for the sake of national interests.
That’s rightPresident CNMCCani Fernández, in Santanda a question was asked about the Association of Journalists of Economic Information (APIE) in Santander about whether the government could tighten the obligations established by CNMC in OPA, and replied that it does not indicate this in law, and that the government’s participation in concentration operations enters into legality, “if it is good,” and his decisions are responding to universal interests and responding to universal interests and responding to universal interests and responding to universal interests and responding to universal interests Different.
As soon as the solution is known, it is expected that CNMV raises the suspension and Two banks quote again. With the decision of the government, such a third stage, called SO, will end, and the next move will be -CNMV, which should have approved the brochure and then open the acceptance period.
