Search Results for CNMV




New CNMV's reforms

CNMV appointments: ‘pure’ rookies vs experienced professionals

The appointment of Sebastián Abella and Ana Martínez-Pina as the chairman and deputy chairman of the CNMV has caused some controversy, revealing the confusion there is over what profile candidates for heading up any institution should have. You can choose people who are totally uncontaminated to lead any organisation, without having any link to its activities. But an increasingly more complex financial and stock market environment requires experienced professionals, not rookies.


European brochure norm comes into effect: end to more burdensome regime for Spanish issuances

From 21 July the regulator (CNMV) will no longer require an expert report on the emission of bonds or structured products aimed at retail investors to ensure the accuracy of the associated brochure. The new European norm on brochures will come into effect on 21 July, so the need for this requirement, which CNMC decided to seek in 2005 for Spanish shares, will disappear.



Norway’s sovereign wealth fund holds 3.024% in Telefonica

Bankinter | Norway´s sovereign wealth fund informed the Spanish markets regulator (CNMV) that it now holds 3.024% in Telefonica (TEF). This is an increase of more than 1% since it last informed the regulator of its holding in the Spanish telecommunications company last February.


Abengoa desalination plant

Abengoa will build the largest reverse osmosis desalination plant in the EAU

Abengoa will begin construction of an inverse osmosis desalination plant of 909,000 cubic metres per day in Taweelah (UAE), which will be the largest plant of this kind of technology in the world. The project is valued at more than $700 M (623 M€), of which $243 M (216 M€) corresponds to Abengoa over the next 3 years, according to the Sevilla-based firm´s communication to the regulator (CNMV).


Spanish banks: attractive valuations but fragile trading

Spanish financial sector reduces its assets

J.L.M. Campuzano (AEB) | The total assets of the Spanish financial system amounted to 4.7 trillion euros at the end of 2017, almost four times GDP. In 2012 it exceeded 5.2 trillion euros.


Letterone launches a bid for DIA at 0.67 €/share: shares rise 60%

LetterOne proposes changes in the bid conditions for DIA

Renta4 | LetterOne has communicated to the regulator (CNMV) that it will further extend the acceptance period for its bid to 6 May inclusive (compared to 30 April before, and the 23 April originally established) after the company made public and advance of its Q119 results last week which continue to show a significant operational deterioration.