The workers’ concern before the OPA
The BBVA Public Acquisition Offer Proposal (OPA) on Banco Sabadell has raised significant concerns among the entity’s 19,000 employees. This movement, which is often presented as an opportunity for optimization and synergies, hides the possibility of a drastic reduction in offices and staff, generating a climate of anguish and labor uncertainty.
The interests of managers and shareholders
For key figures such as Josep Oliu and the Board of Directors of Banco Sabadell, the situation is presented as an opportunity for personal benefit. With the sale of their shares, these executives could be financially rewarded, although this involves the loss of their power positions within the entity.
A contrast with savings boxes
Unlike the savings banks, which had a social commitment to the communities, Banco Sabadell has been perceived as a cold institution and focused solely on economic benefit. Despite some sponsorship actions, such as the Tennis Tournament of the Count of Godó, his contribution to society is seen as limited.
The role of great investors
The figures show that investors like Blackrock and Goldman Sachs are great shareholders from both Banco Sabadell and BBVA, which means that their decisions will be guided by speculative interests. This raises questions about who really controls the fate of these banks.
The defense of ‘Catalanity’
The reaction of several business and union groups to the BBVA OPA has been remarkable, with arguments that appeal to the preservation of the Catalan identity of Banco Sabadell. However, this approach has been criticized as superficial, as the real question seems to be the financial dynamics and the interests of benefit.
An uncertain future for the entity
With the possibility of other merger or acquisition operations, Banco Sabadell is in a precarious situation. If the BBVA OPA does not move forward, other opportunities could be presented, leaving the entity in an increasingly competitive market in an increasingly competitive market.
Reflections on the role of governments
The intervention of the governments, both Spanish and Catalan, has generated debate in this process. There are concerns about whether political leaders are being manipulated by corporate interests, far from the common good. The final decision on the BBVA’s OPA is in the hands of the competent authority, which must take into account the public interest in its verdict.
