The BBVA sees the public consultation on the Opa in Sabadell useless and hopes that it does not reach the Council of Ministers

The president of BBVA, Carlos Torreshe considered on Tuesday that the Public consultation of the government On the Matt al Sabadell “It wasn’t necessary” Because he sees no reasons of general interest for the operation and, for the same reason, he hopes that he does not reach Council of Ministers. Torres insisted, in an interview with Cope, that the exchange offer is “very generous” and there are no reasons to improve it.

Once the public consultation has been closed, the Ministry of Economy must decide before May 27, if it raises the matter to the Council of Ministers. The president of the Basque Origin group does not see the reasons for this, so he is confident Sabadell’s shareholders can choose their future “soon”.

The case that the operation has finally arrived at the Council of Ministers, the government would have had another month, until 27 June, a reveal if it requires additional conditions. Therefore, Torres estimates that, in the worst case, a few days later the exchange period will open.

The banker underlined it The operation is good “for everyone”: For companies because it means having a “stronger” ally, with the ability to give more credit and help internationalization; for employees because it is an opportunity to grow; For Sabadell’s shareholders because they benefit from a greater benefit for action and “more stability”; And for the company, because the new group appears to be 5,000 million of its additional ability to grant credit.

In addition to this, Torres recalled it The National Markets and Competition Commission (CNMC) unanimously authorized the operation with “very powerful” commitments of the BBVA, which translates into Now it is “much better” for everyone.

Bet on Catalonia

Torres also stressed that the BBVA is the bank that The more it is growing in Spain in the SME segment -In four who made an customer bank in 2024 they chose the entity and, in the case of Catalonia, they made one out of three.

In that line he added that his bank is “Very important in Catalonia“, Where it has 2.5 million customers and about 4,000 employees. It is the bank that has opted for the community in the last 10 years, has condemned and denied that the region will lose the decision -making centers if the operation culminates because the BBVA has said from the first moment that it will maintain the Sabadell headquarters in San Cugat del Vallé.

“More separate value than together”

On the other hand, also Tuesday, the president of Sabadell, Josep Oliu, said to observe “a social and commercial clamor” contrary to Opa and added that this opinion coincides with his vision that both banks “generate more value separately than together”. To justify it, he offered a wide range of favorable data to the entity that presides over to maintain it It has an excellent future as a soloistAs since 2020 it has multiplied its price by eight.

This was indicated in a conference of the Business Dating Forum promoted by the ALICAN Chamber of Commerce “They have no good prospects”.

Oliu stressed that Sabadell is a Plurregial Spanish bank to serve companies and customers of the various autonomous communities while The BBVA “is not a Spanish bank”, But “half” comes from the countries of Latin America and also Türkiye, where he has a great presence.

He stressed that “Sabadell is a bank that has a soul and that it is difficult to reproduce in a foreign house”, and has assured that, although it has a Catalan origin, he tries to develop A “Spanish integration project created in Catalonia” With “the mission of serving and helping to create wealth in the communities in which it is present”. On the contrary, he continued, the BBVA “has a very important international project and has done very well”, but it is a business model other than Sabadell, whose goal, has insisted “, are the service and service companies in the various autonomous communities”.

Of the shareholders, he recalled that he will finally have to pronounce the intentions of the BBVA, but indicated that the risk of betting on Sabadell is “low” while joining the extent of Carlos Torres “is high”. Oliu insisted on this idea that “Opa is in risks” and said it Will try to transfer this message to shareholders “So that they take it into consideration and know how to see what their money is” once the brochure of the operation is studied.