Sánchez opens a preliminary consultation to determine whether the Government will veto or authorize the takeover bid.

He expressed satisfaction with the evolution of the Spanish economy at the opening of the Círculo de Economía conference.

Prime Minister Pedro Sánchez took advantage of the opening of the annual meeting of the Economic Circle to explain the next steps the government will take once the National Commission for Markets and Competition (CNMC ) has approved, albeit with conditions, BBVA 's hostile takeover bid for Banco Sabadell.

Appealing to the "public interest," he stated that this Tuesday the Council of Ministers will agree to open a " public consultation " where it will meet with various stakeholders to understand the impact the operation would have.

This dialogue will determine the government's position, which had a two-week deadline "to decide whether or not to submit the transaction to the Council of Ministers ," he explained.

This was stated at the opening of the annual meeting of the Círculo de Economía (Economy Circle) , a Barcelona-based organization that brings together business leaders, executives, and academics. Before this audience, Sánchez made it clear that Spain will continue "advancing in the essential energy transition."

This was stated a week after a historic blackout that left mainland Spain, Portugal, and Andorra without electricity . He emphasized that the country "responded to a major problem that arose, was able to return to normal in record time, and its citizens set an example of civic spirit."

Sánchez called the incident "serious" and defended the government's management, which opposition groups have harshly criticized. "The government worked with prudence and rigor" and asserted that "its will is firm" and it will "go to the end" to determine the causes of the blackout .

He noted that these efforts will be carried out "with transparency and collaboration with operators" with a very clear objective: "to strengthen the energy system," which is already "robust," as evidenced by its rapid recovery after the incidents.