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

Sabedell Bank

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

Elche is seeking tender for an additional 22,000 plants, shrubs, and flowers from 150 different species

Elche Gardens

The Parks and Gardens brigades of the Elche City Council can take comfort in the fact that the service they have been providing has been gradually outsourced. A new contract that is presently being tendered, which is similar to the one that was already signed in 2024, guarantees them “extra” work. This year, the municipal government plans to acquire over 22,000 flowers, plants, and shrubbery of up to 150 distinct species to enhance the city’s aesthetic appeal, a practice that has been a defining characteristic of Pablo Ruz since his appointment as Mayor in June 2023. More than €88,000 will be allocated from public funding for this purpose.

Last year, a contract was awarded to a company in Valladolid in June, with a value of just over €82,600. In February of last year, a decision was made to acquire additional flowers, plants, and shrubbery, totalling just over €8,000. This was due to the fact that there were no additional plants to be planted and the contract was set to expire in June. In other words, they completed the entire year’s worth of plantings in just eight months, but they believed it was worthwhile to acquire additional plants.

Complaint filed by the PSOE


The Ruz administration has acquired additional flowers in addition to this one. Councillor Patricia Macià has lodged a complaint alleging that the PSOE (Spanish Socialist Workers’ Party) submitted €60,000 in purchases from nurseries to the Anti-Corruption Office in 2024 without a contract. In December 2023, the Socialists also discovered an additional €40,000 in purchases that were dispersed across flower and plant enterprises.

This new contract is anticipated to be implemented in June. However, it is not the sole ornamental plant initiative for 2025. The newspaper reported that another contract is being negotiated with a company to oversee the maintenance of all gardening and replacements in the Municipal Park. This is similar to the work being conducted on the Ronda Sur for the Elx Oasis project, which includes grass meadows.

Mayor Ruz disregards the opposition’s criticism, particularly that of Socialist spokesperson Héctor Díez, concerning the expenditures on flowers and their maintenance. In a plenary session, Díez denounced the payment of nocturnal overtime to water plants, which he regards as a “waste of public funds.” The governing team did not contest the accusation. It is possible that they intend to maintain this policy.

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“Significant pressure”


What is the reason for the increased demand for plants? In accordance with the contract document, “it is due to the ornamental necessity to enhance the city’s living conditions.” These plants are subjected to a significant amount of stress in the urban environment, as they are constantly plagued by pests and diseases, as well as vandalism, accidents, and damage from trenching or other construction activities. This leads to a relatively high mortality rate among these plants, necessitating the implementation of campaigns to replace shrub species and floral plants in order to preserve the municipal plant heritage.

The City Council is not economising on plants and will acquire a diverse array of species, including shrubs, bushes, and subshrubs, climbers, ground cover plants, perennial plants, roses, seasonal flowers, and native plants for revegetation. With the exception of herbaceous plants and seasonal floral plants, which will be guaranteed for one month, a six-month guarantee is required. The plants must be delivered to the Municipal Nursery in a state of readiness for planting; in reality, the contract stipulates that transport conditions must be maintained to prevent dehydration. When would you like to plant them?

Fifteen days


The City Council specifies a five-day deadline for the delivery of the material if it is accessible at the company’s facilities, or a 15-day deadline if it is not. The technicians are requesting the ability to inspect the nurseries themselves in order to verify the quality of the material they are receiving. Additionally, they are requesting the ability to divide deliveries according to the municipal program’s forecasts. For instance, this involves associating a particular flower or plant with a particular season. This would be the case for the chrysanthemums in the vicinity of All Saints’ Day.


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Costa Blanca

In Torrevieja and Murcia, 158,000 ecstasy pills and 15 kilos of drugs seized

Torrevieja Murcia Drugs

Thirty-three arrests, 158,000 ecstasy tablets, ten kilogrammes of speed, two kilogrammes of cocaine, three kilogrammes of crystal meth, 40,000 euros, two firearms, and a tablet-forming machine for pill production. Several phases of an anti-drug operation were conducted by the National Police of Murcia, culminating in the arrest of five individuals and the thwarting of a transaction involving over one hundred thousand ecstasy pills in Torrevieja at the end of last February. The officers employed their service weapons to apprehend the traffickers.

The investigation, which has so far yielded 33 convictions in municipalities in the Region of Murcia and Torrevieja, is being overseen by a Cartagena court. However, the case remains unresolved, and the police are currently in the process of identifying additional suspects. The court in Cartagena ordered that all five of the individuals arrested in Torrevieja be detained in pretrial detention.

The Torrevieja operation occurred at the end of February last year. The National Police were pursuing a suspect from Cartagena whose vehicle had been geolocated with judicial authorisation. Officers monitored this individual, who goes by the alias Peter, as he arrived at the open-air parking lot of a Torrevieja supermarket. They also observed his interactions with other individuals who arrived in various vehicles.

The surveillance was augmented by additional police officers after the officers observed a consistent flow of individuals between the parking lot and a café. Later, an unknown individual arrived at the scene in an Opel Vectra, received directions, and proceeded to a residence on Calle Santa Petra in Torrevieja. Upon arrival, two individuals exited the vehicle, entered the residence, and emerged seconds later with a large bag and two suitcases.

The Opel Vectra continued to drive under the watchful eye of the authorities and subsequently proceeded to Calle Ciprés in the Torrevieja district of La Mata. It entered an underground garage, and a few minutes later, the suspect from Cartagena, who was being observed in the supermarket parking lot, and several other individuals departed in multiple vehicles and proceeded to Calle Ciprés.

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Upon reaching Calle Ciprés, they parked outside the garage and the occupants of the vehicles exited. The driver of the Opel Vectra emerged from the underground garage shortly thereafter. After momentarily conversing with Peter and another individual, he entered the parking lot, while the remaining individuals remained on the street, serving as counter-surveillance.

One of the officers on patrol was able to enter the garage through a pedestrian access door and he observed the Opel Vectra’s trunk being tampered with. Peter and his companion exited the garage and hastily made their way to his vehicle a few moments later. The officers were observed by those conducting counter-surveillance while they were attempting to follow Peter.

One of them began to flee, exclaiming, “Run, police, run!” At that moment, Peter extracted a bag from his private parts that contained 91 ecstasy pills of varying colours and logos, including Porsche and Philipp Plein, and flung it to the ground in an attempt to flee in his vehicle.

The plainclothes officers identified themselves as police officers; however, all parties involved obeyed the investigators’ warnings and fled. One of the officers was wounded during the suspects’ attack, and the investigators fired warning bullets to prevent their escape.

The police operation led to the arrest of five individuals, and a search of the car parked in the underground parking lot yielded just over 100,000 ecstasy pills of the same variety as those confiscated from Peter outside. Subsequently, the police conducted further investigations in Torrevieja and confiscated an additional substantial quantity of ecstasy.

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Costa Blanca

Car catches fire at a petrol station in Elche

Elche Van Fire

On Monday, March 17, at noon, a small van set alight in the vicinity of the petrol station pumps on the road from Santa Pola to Elche, at the exit from the EL-20 highway.

The Provincial Consortium has dispatched two fire personnel to extinguish the fire that has consumed the vehicle.

Fortunately, the fire crews’ prompt response prevented the fire from encroaching on the petrol station premises, thereby preventing a potentially hazardous situation. Consequently, only material damage was documented.


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February 26, 2025    
20:00 - 22:00
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March 8, 2025 - March 9, 2025    
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International Show of Purebred Horses in Murcia
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10:00
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April 5, 2025    
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Remember Queen, a fantastic Queen tribute show, taking place in the International Auditorium in Torrevieja in April.
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April 6, 2025    
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26 Feb 25
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28 Feb 25
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29 Mar 25
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5 Apr 25
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