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Miércoles, 22 de enero 2025, 19:00
President of the Government, Pedro Sánchez, called from Davos (Switzerland) on Wednesday for 'territorial cohesion' to be considered when analysing the BBVA's takeover bid for Banco Sabadell. On Bloomberg TV, he also urged to 'wait' for the competition authorities to speak. The government had already opposed the purchase announcement by BBVA last summer, before the Catalan elections, and may have to make a decision soon. According to Sánchez, 'different aspects' must be considered, such as the large number of SMEs in Spain, which represent almost 90% of the productive fabric, as well as 'social and territorial cohesion' in the financial sector. 'What I want to see is a strong financial system in Spain,' he concluded.
Meanwhile, the central government showed respect for Banco Sabadell's decision to relocate its headquarters back to Catalonia, after seven years in Alicante, where it moved due to the 'procés', just like thousands of Catalan companies. The central government took credit and framed the operation within Catalonia's political normalization process. 'The conditions that caused their departure have disappeared,' assured the Minister of Economy, Carlos Cuerpo, on Onda Cero. 'It is another "sign of normality",' stated the Minister for Digital Transformation, Óscar López, on TVE.
The President of the Generalitat, Salvador Illa, welcomed the return of the Vallès bank. 'It confirms that we are on the right track.' Illa had a brief meeting with the President of the Valencian Community, Carlos Mazón, both present at Fitur, in Madrid. Mazón described Sabadell's return as a 'bad decision' and placed it in a context of the entity's weakness due to the takeover bid. The Minister of Economy, however, said that the return of the Catalan bank has nothing to do with the BBVA's bid. There is 'no element' that, in his opinion, relates to the purchase offer, but it is 'common sense' of the 'political normalization process', he insisted.
For some time, the government has maintained that in Catalonia a new era has begun, following the turbulent years of the 'procés', which endangered social coexistence and led to an exodus of thousands of social headquarters. The government argues that its commitment to dialogue with the independence movement, which led to pardons for secessionist leaders and the amnesty law, has pacified the political situation in Catalonia, ended the independence majority in the Parliament, and appointed Salvador Illa as President of the Generalitat. In the Brussels agreement, signed by the PSOE and Junts to invest Sánchez, one of the conditions was to promote a plan to facilitate the return of Catalan companies. The Foment employers' association assured that after Sabadell, more will follow.
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