Costa Blanca

Sabadell’s CEO believes BBVA’s buyout remedies fall short

Head of Sabadell (SABE.MC), a Spanish company, opens new tab On Monday, Cesar Gonzalez-Bueno stated that BBVA’s (BBVA.MC) suggested remedies in its takeover offer were inadequate to meet concerns about competition.
In its fight against a hostile takeover attempt by a bigger rival, Sabadell, a Spanish bank, increased its payment policy to 3.3 billion euros ($3.43 billion) on Friday in an effort to persuade shareholders that the bank should remain independent.
Gonzalez-Bueno told Spanish network TVE that “the remedies that the BBVA is proposing are totally insufficient.”
A company’s so-called remedies are the actions it commits to do in order to mitigate the negative effects of a merger on other businesses, consumers, and vendors.

The acquisition is currently being reviewed by the Spanish government in a more extensive phase 2 antitrust examination; Sabadell has turned down BBVA’s full-share offer of 12 billion euros, claiming that it grossly underestimates the bank’s future growth prospects.
On Monday, Gonzalez-Bueno expressed his optimism that the Spanish government and antitrust agency CNMC “will truly defend the interests not only of the shareholders but of course of all the SMEs (small and mid-sized companies) in Spain” in a next stage.
While the Spanish government may not be able to prevent Sabadell shareholders from exchanging their shares for BBVA’s, it can prevent a complete merger.

Carlos Torres, chairman of BBVA, stated at a news conference last month that he did not “contemplate any scenario with a veto from the government,” and that he anticipated the deal’s approval in the next weeks with “acceptable remedies” for the full merger to occur.
To address competition concerns, BBVA has pledged to keep commercial terms for people and SMEs in places where there are fewer than four financial institutions and not close branches when there is no local alternative within a 300-meter (984-foot) radius.

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Costa Blanca

Santa Pola eliminates the presence of illegal camping

According to Ana Blasco, the Councillor for Citizen Security, the growing number of caravans in Cabo de Santa Pola was always a worry for the governing team because it caused problems without being possible to do anything about it.

Blasco said that they are already starting to see the results of the work that the Local Police and the Traffic Subsector of the Civil Guard of Alicante have been doing together since October, when they agreed to a new set of rules. This deal, which was approved by the whole City Council, spells out what each security group is responsible for in different parts of the municipality, like the port roads, the Camino del Cabo, and the Camino del Faro.

With the new protocol, the Local Police are now in charge of all key areas. This means that they can work more effectively in the most sensitive areas. One of the first steps that was taken was to put up signs at the two main entrances to the Cabo path, at the Cadena and at the Virgen del Rosario chapel, making it clear that cars wider than 2.20 meters are not allowed. This directly affects motorhomes. Blasco also said that the local police patrols are running a campaign to make caravan users more aware of the fact that they are not allowed to use the road and to remind them how important it is to follow the rules in a natural area that is protected.

Meanwhile, José Miguel Zaragoza, the Chief Commissioner of the Local Police, said that these steps have led to a “zero presence of caravans” in the Cape area, though cars still drive in sometimes because they don’t see the signs. When this happens, the patrols act right away to let people know that it’s not allowed. Zaragoza has also said that protecting the environment is very important because of the chance of fires and harm to the protected plants and animals in the area. To sum up, the Local Police of Santa Pola and the Local Police of Elche will work together to protect the whole coastline below the cape.

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PP and Vox in Elche are against women’s right to have abortions

The Popular Party and Vox voted against the Compromís move that would have given women the right to choose to end their pregnancy. It has been a party stand that all women have the right to choose an abortion. It has also spoken out against the problems women have getting an abortion in state hospitals in Elche and the lack of information they are given. Esther Díez has asked the Ministry of Health to protect women’s right to have abortions in public places and to promote sexual education in schools so that students can learn how to avoid getting pregnant through sexual relationships.

The socialist councillor Mariano Valera has asked that women who are considering abortion get professional help with their mental health and that health workers be trained in this area. Valera has supported the “essential” need to make the public health system more humane and up-to-date so that abortions can be done safely.

We support the need to make the public system more humane and up-to-date so that people can safely get pregnant.

In response, Aurora Rodil, a spokesperson for Vox, has stayed strong because she is a strong pro-lifer and defended that stance in the plenary session. Rodil said that the offer from the Compromís is “an apology for the cruel murder of innocent children.” She has also said that doctors who do abortions are “qualified murderers.” Along these lines, Rodil has said that ending pregnancies has become more common in families with children who have Down syndrome, which a Vox representative called “genocide.” Aurora Rodil brought up the fact that her group is working on safety plans for moms who are alone.

Pablo Ruz, the mayor of Elche, also spoke out in favour of doctors who don’t want to perform abortions during his turn to explain his vote. It has been said by Ruz that ending a pregnancy is a failure of society. This is why the mayor attacked Mariano Valera, a leftist councillor, for supporting abortion even though he has a “religious past.”