Catalan employers and commercial entities join Sabadell’s Opy with a letter to Pedro Sánchez | Economy

The government announced Monday that she has opened public advice to take the pulse before deciding the Opa BBVA at Banco Sabadell and the employers and the Catalan corporate entities have worried that the executive of Pedro Sánchez It is not necessary to refine your ear to listen to the refusal a lot which generates the functioning of the Banca Bank. A common front of the business actors who are against the possible absorption of Sabadell has written a letter of consent in which they warn that the bank’s offensive chaired by Carlos Torres can jeopardize the territorial balance and social cohesion.

“The entities under the signatories want to jointly express their concern and their reflections”, the letter begins, referred to the President of the Government and is signed by Foment del Treball, Pimec, Femcat, Cecot, Fira di Barcelona, ​​Carabra de Barcelona please for the Catalan Chambers of Commerce, the college of Economy of Catalonia, the Barchalona, ​​the Racc. “It is not a simple problem of competition in a generalist market and has focused on the quantitative parameters of the market shares, but it is a question of general interest”, they warn in relation to the Op own.

The letter indicates that there are “powerful reasons of general interest that would justify the intervention of the government” to block an operation that began a year ago and which is in the end, after the analysis of The National Markets and Competition Commission (CNMC) will approve the hostile opa last week.

In this sense, the entities that refer to their request to Pedro Sánchez warn the need to avoid excessive concentration of commercial and financial power; Preserve a credit channel and financial services specialized in low -size companies and projects; Prevent the loss of employment and bank offices; Promote the attraction and conservation of financial talents in the different territories and guarantee social and territorial cohesion.

On this last point they underline that “the promise to maintain a double corporate headquarters would be more symbolic than real, especially in the long term”. And he cites examples: “How the experiences of Santander and Bilbao show in relation to the banks that had their origin”.

The topics listed to solicit the government’s intervention are, at the discretion of the signatories, “the basis of an open and diversified economy in a plural company, avoiding the risk of financial exclusion”.

Economic agents will also launch a communication campaign for declaring citizens and companies to participate in the public consultation around the BBVA OSTA on Sabadell that the manager has launched and which is open to the participation of any citizen or entities until next Friday, May 16.

Opa is now on the table of the Ministry of Economywho must decide, before May 27, if he elevates him to the Council of Ministers, who in that case would have the prerogative to harden the requirements that the regulator has imposed. From the latter trial, the government team has up to a month to issue its final decision.