The president of Sabadell calls shareholders not to listen to «siren songs» about the BBVA OPA

In his attempt to repudiate the BBVA OPA, Banco Sabadell seeks that the facts complement the emotions: “I tell the shareholders that if they stay here, this gives money. And it is unpredictable that within the BBVA project of the same, ”said Josep Oliu, president of the Catalan Bank, this Monday at a conference at the Sabadell Chamber of Commerce. Playing at home, and before an auditorium full of his acquaintances and veteran shareholders, Oliu has defended that the value of the bank that presides is well above the offer made by the BBVA to absorb it. «When shareholders have to make decisions, they take into account not only the siren songs, but the profitability of things,» he said. Oliu has triggered the chest of the bank's associates, the same to rummage into the feeling of Brand Pride -«Going from being a town bank to one of the first greats in Spain with the name of Sabadell, it is not easy» -that to give expectations to its purses. «We are in a very good, very positive situation,» he said, before highlight OLIU has occurred three days after the presentation of the 2024 results of Banco Sabadell, an exercise that meant a historical record for the entity, with a benefit of 1,827 million euros. In addition, the amount that will distribute to its shareholders between 2024 and 2025, with a mixture of cash distributions and shares of shares, has raised from 2,900 million to 3.3 billion. Octhanage ammunition to replicate the BBVA OPA.oliu, 75, has highlighted that Sabadell's dome feels like «a bullfighter», before the snaps that the BBVA releases with its OPA attempt. There was expectation for knowing what references made to the relationships that the two entities maintain, but before entering Oliu, it has spent part of its speech capeating the matter, with references to the economic and geopolitical situation and with direct criticisms of the consequences that it has had for access to housing the «extreme left policies». An allusion little concealed to the city model imposed by Ada Colau in Barcelona during his eight years of mandate.oliu has extended little about the change of headquarters, beyond advancing that the Board of Shareholders at the end of March will be held in Sabadell, And it has taken more tip to the controversial OPA process launched by the bank chaired by Carlos Torres, whom he has defined as «a friend», despite the differences arising. Business things and, for oliu, better alone than badly accompanied. «Even BBVA shareholders, if you think about it, can consider that your actions alone in the BBVA have more value than if you opt for a Sabadell absorption operation, which involves risks,» he said. Sabadell and the BBVA are healthy entities, «not like when the savings banks were together, which was to mix a lame with a cake,» Oliu has warned about the uncertainty that would cause absorption. Apart from the layoffs and template cuts, an undoubted risk, says the president of Sabadell, has to do with the impact that the operation would mean in terms of competition. «Especially for the SMEs market,» he emphasizes. In similar terms, César González-Bueno, CEO of Sabadell, was pronounced last week. González-Bueno was in charge of Friday of making the results of the bank corresponding to the year 2024. An appearance that meant the first official staging since the recent announcement of Sabadell to return the headquarters to Catalonia. González-Well intervened in Sant Cugat del Vallès, and this Monday Josep Oliu has spoken from Sabadell, to a fortnight of kilometers. The change of headquarters, from Alicante to Catalonia, «is no matter,» said Oliu, but stressed that it is «to put things back in place.» The Bank president, a native of Sabadell, played in his own field. «We live this process with great proximity,» said the president of the Sabadell Cambra, Ramon Alberich, when he has referred to the Benco Bank's OPA intentions.