The Ministry of Economy, Commerce and Business has opened a Public consultation About the OPA (public acquisition offer) that BBVA He launched on Sabadell Bank last year. A 7 -day period has begun in which citizens, organizations, associations and economic agents can raise their position regarding the operation.

The consultation opens a week after National Commission of Markets and Competition (CNMC) has given its approval to the movement. After the presentation of a series of commitments by BBVA that would solve the competition problems detected.

Among the Operation Risksthe Commission pointed out on April 30, the worsening of commercial conditions for individuals, SMEs and self -employed in certain locations, financial exclusion for clients in certain municipalities, or the reduction of credit to SMEs.

Public consultation on OPA

“The initiative is aligned with current regulations and is respectful of the procedure, deadlines and competencies of all the institutions involved in the process“; Have expressed from Moncloa in a statement, encouraging all those” to participate “that can be affected by the operation”

The objective of the consultation, which will end on May 16, intends to obtain information that facilitates a complete assessment when deciding whether the bank concentration movement It rises to the Council of Ministers. This would happen within seven days after the procedure has been closed, that is, until May 27. If you arrive at the Council of Ministers, it had an additional month to decide.

The public consultation consists of a form, presented with Microsoft Forms, with questions related to the criteria of general interest that identifies the Law of Defense of Competition. As detailed in the process, the contributions will be public diffusion susceptiblealways respecting data protection and digital rights.

The form exposes a brief chronology of the operation and an explanation of the procedures and steps to be carried out. Ask the users name and surname, organization or association if applicable, DNI or CIF if applicable, and a contact email.

The 6 questions about the operation

The procedure is aimed at determining if there are criteria of general interest other than the Defense of competition That they can be affected by the operation, what would be these criteria and collect adequate proposals to protect the affected general interest criteria.

Question 1

It is a question with a simple answer, to choose from each other or not. In case of choosing yes, the rest of the questions are displayed, and in case of choosing no, the questionnaire is finished.

Question 2

The form displays a multiple response model, so that the user can choose several of the options presented. Are the following:

to. National Defense and Security
b. Public health or health protection
c. Free circulation of goods and services within the national territory
d. Environmental protection
and. Promotion of Technological Research and Development
F. Guarantee of adequate maintenance of the objectives of the sector regulation
Others

Question 3

The form offers a text field to prepare an answer, up to a maximum of 2,000 characters.

Question 4

The form offers a text field to prepare an answer, up to a maximum of 2,000 characters.

Question 5

It is a question with a simple answer, to choose from each other or not. In case of choosing yes, the rest of the questions are displayed, and in case of choosing no, the questionnaire is finished.

Question 6

The form offers a text field to prepare an answer, up to a maximum of 2,000 characters.

At the end of the questionnaire, information about A mailbox To provide additional comments. The email to address is (email protects). Users must indicate in the message their name and surname/denomination or business name and in the subject: “Public consultation BBVA/Banco Sabadell”.

More info.: BBVA OPA Public Consultation to Sabadell