The government will open Public consultation ABOUT BBVA OPA to BANCO Sabadell To explore the pros and cons of work between citizens, companies and associations. This was announced on Monday President Pedro Sanchez after the National Commission for Markets and Competition (CNMC) Give the green light To OPA last week, but with certain conditions.
Now the Ministry of Economics must decide whether the issue in the Council of Ministers is to evaluate the possibility Harden Op of claim Participation in criteria of general interest. In this context, according to Sanchez, public consultation will serve “Make this decision with all guarantees”This field was indicated at the Cercle d’Acomia conference. There the president emphasized that his goal is to help companies grow in “volume and competitiveness”Field
From the Ministry of Economics, they admit that raising such a consultation This is not usuallyBut this is considered an interesting information element. With these opinions, they explain whether it will be determined whether it will rise to the Council of Ministers.
Executive sources also indicate that the government opens this consultation within the framework of its powers and is focused on aspects that may affect common interest. According to them, this is receiving “another level of information”, in this case with an emphasis on common interest, as part of the decision -making process and in a temporary window 15 working days Which has the economy to decide whether the operation is rising to the Council of Ministers.
Contributions collected in public consultations add the aforementioned sources, secretBut they will be useful in making decisions about the operation. In addition, they emphasize that this procedure complies with the rules and is common in regulatory procedures, although in hostile processes of OPA This is the first time it is usedField
Doubts about the operation
The truth is that the head of the economy, Carlos BodyIn the past, he mentioned the “fears” that this operation raised from the executive branch. Last week, after the conditional approval of CNMC, they called prudence from his department. Also the first vice -president and Minister of Finance, Maria Hesus MonteroHe said it was “Premature decisions“.” To the extent that we have already analyzed and carefully analyzed that the report we can say the position of the government, ”he said.
In the executive executive director, however, they are clear: the second vice -president and head of work, Iolanda DiazOn Thursday, he warned that the green light of the competition was very bad and said it “The government must act and prevent this OPAProtect and put yourself on the side of democracy. “Joint from May 1, trade unions also showed their deviation from OPA.
Although the leader cannot prevent the operation as such, it can harden both conditions that BBVA ultimately gives it. The law on the protection of competition establishes that these additional conditions should be properly motivated for reasons of general interest, different from the protection of competition. There are no precedents that the government tightened the conditions for the purchase of a merger.
