Carlos Mazón: “The takeover bid for Banco Sabadell is an operation that destroys value, work, territory and competition”

• The president of the Generalitat has expressed his “absolute” rejection of the takeover bid presented by BBVA for 100% of Banco Sabadell, considering it as an operation “against Alicante, the Valencian Community and the consumer.”
• He calls on society and the unity of our territory to “react accordingly and together ensure that this operation does not end.”

The president of the Generalitat, Carlos Mazón, has expressed his “absolute” rejection of the hostile takeover bid for 100% of the shares of Banco Sabadell made by BBVA, considering it “an operation that destroys value, work, territory and competence". 

In this sense, he has pointed out that "it goes against the province of Alicante, the Valencian Community and the consumer." 

Likewise, he highlighted that this takeover bid “does not make any sense, it does not contribute anything new” and criticized “the arrogance” shown by BBVA, which he described as “absolutely intolerable.” 

The head of the Consell has made a call for the unity of the entire society of the Valencian Community to “react accordingly and ensure that this operation does not culminate”.