According to Spanish President Pedro Sánchez, the public consultation will serve to “make that decision with all the guarantees.”
The government of Spain will be one Public consultation On the BBVA Grandpa to Banco Sabadell to collect the opinion of organizations, citizens and associations. This was announced on Monday by the president of the Spanish government, Pedro Sánchez, during his speech on the Cercle d’Amomia Conference, where he emphasized that his goal is to help companies grow in “volume and competitiveness”.
The National Commission for Markets and Competition (CNMC) gave the green light last week, imposed certain conditions and the director must now decide whether it raises the question Minister To evaluate the possibility of hardening the grandfather’s requirements that are met the criteria of general interest.
The public consultation will serve to “make that decision with all the guarantees,” said Sánchez.
The final approval of the transaction can be expanded to autumn. This is the calendar:
– Phase three starts with the approval of a grandfather through the CNMC. The supervisor will report its decision to the Ministry of Economy, Trade and the Business, and Minister Carlos Body has 15 working days, that is, until 22 May, to decide whether he will bring the issue to the Council of Ministers.
– Since the executive Sánchez has shown its opposition against the grandfather, it is naturally considered that the offer will be brought to the Council of Ministers. This has a business month to pronounce. That is why the decision of the executive power, which can only impose conditions that influence the general interest, will not reach on 22 June.
– Then it becomes the National Securities Market Commission (CNMV) that approves the access brochure.
– An acceptance period is then opened, the duration of which – one of the 15 days and slightly more than two months, 70 days – determines the BBVA. The decision then proceeds to the Sabadell shareholders. Although it is difficult to specify the dates, the process starts in July, at the gates of the practically inactive month of August.
– So, and in the event that all deadlines are exhausted and the Spanish government imposes new conditions, the final resolution in the fall could already occur.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
