Biyu m tarurruka na Banco Sabadell, da aka gudanar a tsakiyar watan Agusta, sun share hanya ga babban aiki: da divestment na TSB da simintin gyare-gyare na ban mamaki 2.500 miliyan kudin Tarayyar TuraiSaƙon zuwa kasuwa a bayyane yake: ƙungiyar Catalan tana ƙarfafa hanyar solo kuma tana sanya Farashin BBVA a matsayi na matsakaicin tashin hankali.
Majalisar ta isa taron ne tare da goyon baya da kuma goyon bayan kamfanoni irin su ISS da Glass Lewis. A layi daya, daga BBVA, Shugaba Yana Genc ya nuna cewa, bayan tarurrukan, za su iya sake tunani tayin, gami da zaɓi don janye shi idan bai haifar da ƙima ba.
Abin da kwamitin biyu ya amince da kuma yadda aikin ke gudana
Masu hannun jari sun ba da hasken kore don siyarwa TSB a Santander UK don farashin farawa na Fam miliyan 2.650 (game da kimanin Yuro biliyan 3.050-3.098), dangane da gyare-gyare har zuwa Fam miliyan 2.875 idan rufewar ta faru a ƙarshen farkon kwata na 2026 (kimanin Yuro biliyan 3.361). Jadawalin da aka yi la'akari ya saita kammala zuwa Maris 2026, ƙarƙashin izini na tsari.
An kuma amince da A rabon da aka samu ta hanyar 0,50 Yuro a kowane hannun jari (kimanin Yuro biliyan 2.500) yana da alaƙa da wannan karkatar. Masu hannun jari a ranar biyan kuɗi Wadanda za su iya karba su ne wadanda za su samu hakki; wadanda suka sayar a baya ko kuma suka shiga cikin shirin karbar ba za su cancanci wannan adadin ba.
Halartan taron ya yi yawa: masu zuwa sun halarci: 74,8% na babban birnin kasar, mafi girman rabo tun 2004, kuma yanke shawara ya ci gaba da goyon bayan kusan 99,7%Wannan goyan bayan yana ƙarfafa dabarun wanzar da ƴancin kai da dawo da jari ba tare da ɓata lokaci ba solvency kuma ba damar haɓakar kwayoyin halitta.
Masu nazarin kasuwa sun nuna cewa an amince da siyarwar a a mai neman yawa a lokacin da ya dace: Burtaniya na fuskantar koma baya da yuwuwar yankewa Bank of England, abubuwan da zasu iya lalata darajar TSB a nan gaba. Sauran masana suna ba da haske game da canjin dabarun: babban mai da hankali kan Spain da ƙirƙirar ƙimar mai hannun jari.
Tasiri kan tayin karban: abubuwan kara kuzari, lokaci, da yuwuwar yanayi
Haɗin hade Farashin TSB kuma rabon mega yana rikitar da ma'aunin ɗaukar nauyi. Farashin tayin yana da tsarma a kasuwa da masu zuba jari daban-daban suna neman wannan BBVA ƙarin ɓangaren tsabar kuɗi don sanya shi mafi ban sha'awa. Manyan gidaje kamar Citi, Deutsche Bank, Barclays ko Alantra sun yi magana a cikin wannan layin, suna ba da shawara daga ƙara kuɗi zuwa haɓakawa waɗanda suka wuce 2.000 miliyoyin.
Daga dome na bankin opante, Yana Genc ya nanata cewa "babu tabbacin komai"kuma za su yanke shawarar matakai na gaba bayan tantance allunan, tayin yana ƙarƙashin a m taro kusa da rabin babban birnin kasar na Sabadell, kuma BBVA ya bar bude yiwuwar cire shi idan bai cika madaidaicin ƙimancinta ba.
Game da ƙa'idodi da lokaci, BBVA ta jinkirta aika da kasida don haɗa sakamakon rabin shekara da yanke shawara na hukumar, da niyyar ƙaddamar da shi zuwa ƙarshen Agusta ko farkon Satumba. lokacin yarda zai iya farawa a tsakiyar Satumba zuwa ƙarshe tsakanin 30 da 70 kwanakin kalanda. Ko da shirin karbar mulki ya yi nasara, gwamnati ta sanya a veto na mafi ƙarancin haɗin kai na shekaru uku (tare da zaɓi don ƙarin biyu), iyakance haɗin gwiwa a cikin ɗan gajeren lokaci.
Har ila yau, tasirin haraji yana rinjayar shawarar kowane dillali, tunda aikin ba shi da tsattsauran ra'ayi kuma yarda da ƙaddamarwar karɓar na iya haɗawa da haraji don karin darajar. Daga Sabadell, abokan ciniki tare da hannun jarin da aka ajiye a cikin mahallin ana tunatar da su cewa suna da a kayan aiki lissafi don kimanta hakan.
Canjin BBVA, kimantawa da babban buffer
Shawarwari na yanzu yana tunani 1 sabon rabon BBVA karin Yuro 0,70 tsabar kudi Ga kowane 5,3456 hannun jari daga Sabadell. Bayan da talakawan rabo Daga cikin Yuro 0,07 da Sabadell zai biya a karshen watan Agusta, BBVA ya yi hasashen daidaitawa a cikin lissafin har sai 1 rabo da 0,70 Yuro ga kowane hannun jari na 5,5483.
gyare-gyaren da aka samu sun rage yawan shiga cikin gaba Sabadell hannun jari a cikin bankin hade, yana motsawa daga yanayin yanayin 16,17% da farko a kusan 14,2%. Bugu da ƙari, ƙima da ƙima na ƙaddamarwar ɗaukar nauyi yana ƙasa da kasuwar kwastomomi halin yanzu, tare da bambancin kewaye 2.600 miliyan kudin Tarayyar Turai.
Dangane da albarkatun, BBVA yana da a Rabo na CET1 na 13,34% da rarar jari fiye da 4.400 miliyan kudin Tarayyar Turai sama da mafi girman maƙasudinsa, har ma da rangwame alkawurran kuɗi da aka riga aka sanar don karɓar karɓar. Ko da yake zai yi aiki ba tare da haɗin kai ba a cikin lokacin da Gwamnati ta kafa, wannan matashin ya kasance babba.
Da wannan tazarar, bankin zai iya—idan ya ga dama ya yi hakan—taɓata dabarunsa na ƙarfafa bayarwa da ƙarin kuɗi, yanayin da wasu masana ke ganin ya zama dole don ƙara samun nasara. Duk da haka, wasu sun yi gargadin cewa karuwa mai yawa zai iya tace farashin na banki da kuma tasiri da tsarin kudi.
Hatsari da ƙarfin ci gaba shi kaɗai
Shirin Sabadell yana tunani 6.300 biliyan har zuwa 2027, hada rabe-rabe da sayayya. Kodayake wannan manufar ta sami goyon bayan masu hannun jari a tarurruka, ya haɗa da janye wani yanki mai mahimmanci na babban birnin kasar kuma, saboda haka, yana rage ƙarfin mahaɗan don jure mugun raɗaɗi. Gwajin damuwa na Hukumar Bankin Turai Sun bayyana Sabadell a matsayin ɗaya daga cikin ƙungiyoyin da dole ne su sa ido kan matsayinta a cikin yanayi mai tsanani.
Gudanarwa yana jayayya cewa gudanar da lissafin ma'auni yana da inganci: yana dawo da babban jari wanda baya buƙatar haɓakar kwayoyin halitta kuma yana mai da hankali kan kasuwancin a ciki. España. Sakamako na baya-bayan nan, tare da ingantaccen riba da kyakkyawan aiki a ciki Bolsa, goyi bayan wannan dabarar, ko da yake sauye-sauyen tattalin arziƙi da yanayin daidaita ƙima suna ba da shawara a hankali.
A cikin al'amuran aiki da kasuwanci, ƙungiyoyi sun yi gargadin yiwuwar karuwar buƙatun akan hanyar sadarwa idan TSB ta rasa a matsayin hanyar samun kudaden shiga. Bugu da ƙari kuma, yanayin zamantakewa da na siyasa, wanda bai dace ba ga manyan haɗe-haɗe na banki, ya yi tasiri ga ka'idoji da kuma tsara tsarin karbar ragamar mulki.
Tare da kammala tarurruka kuma lambobi sun bayyana, tsarin ya shiga mataki mai mahimmanci: BBVA zai yanke shawara ko kula, inganta ko janyewa Shawarar ku lokacin buga abubuwan da aka sabunta, yayin da abokan Sabadell za su tantance tsakanin mega rabon da rabon musayar ƙarshe. Sakamakon zai dogara ne akan ko tsarin da farashin ma'aunin tayin kasada, dawowa da lokuta juna.
