Search Results for CNMV

Indra Tecnocom

Surprising: El País Owner Helps The Government Kick Out Indra’s Independent Directors And Take Full Control Of Indra Without Takeover Bid

Surprisingly, outside the agenda of the General Shareholders’ Meeting, the representative of Amber Capital – which controls Grupo Prisa (El País, la SER…) and announced a week ago it also controls 4.1% of Indra – has proposed the removal of 4 of the company’s remaining independent directors: Alberto Terol, Enrique Leiva, Carmen Aquerreta and Ana de Pro. A proposal that has had the support of 53% of the capital, including…


Ezentis transformation

Ezentis Asks SEPI For An Express Bailout Of 70 Million Euros To Avoid Default, And Its Shares Plunge 20%

Ezentis, formerly Avanzit and Radiotrónica, is once again facing serious financial problems that threaten its viability. The company has asked the Sociedad Estatal de Participaciones Industriales (SEPI) for help on the verge of the end of the public business rescue fund. The energy and telecommunications infrastructure installation company has confirmed to the CNMV that it has requested 70 million euros in public money. The aim is to recover the group’s…


Sabadell sells toxic assets

Bank Of America Becomes Sabadell’s Largest Shareholder With The Unveiling Of A 6.3% Stake

As reported today by Europa Press, Bank of America Corporation has unveiled a 6.3% stake in Banco Sabadell. This makes it the largest significant shareholder of the bank, ahead of BlackRock and David Martinez, according to National Securities Market Commission (CNMV) records. Specifically, Bank of America has notified its control of 6.323% of the bank’s shares, both through voting rights, with 1.681%, and financial instruments, with 4.642%. This movement took…


Madrid Stock Exchange revision

“The Remuneration Report At Banco de Sabadell Obtained Over 38% Dissent Votes”

“Shareholders and proxy advisors are being very critical of directors’ pay and board composition, as evidenced in voting.” explains Nancy Hameni (Head of Proxy & M&A at Cmi2i) to Fernando Rodriguez. Q- What do you think is most remarkable so far in the 2022 Spanish AGM season ?A- Halfway through the 2022 AGM season, we are seeing executive compensation and board elections as the most prominent trends within the IBEX-35….


Fluidra

Fluidra will fully control Hungarian firm Kerex after buying 73,2% for €4,5 M

Intermoney | Fluidra has informed the Stock Market Regulator (CNMV) that it will fully control Hungarian firm Kerex after buying 73,2% for 4,5 million euros. The transaction is expected to be closed in September 2022. This is after the usual suspensory conditions in this kind of deal have been met, and provided there is no material adverse change which negatively and significantly affects Kerex between the Signing and the Close…


Metrovacesa will return to the stock market on February 5

Santander And BBVA Reject Slim’s Bid For A 30% Stake In Metrovacesa

The board of directors of Metrovacesa has rejected the takeover bid launched by FCC, the construction company controlled by Slim, with the aim of achieving a 29% stake in the real estate developer. They consider that the offered price of 7.2 euros is not adequate. In this way, as the company has informed the Comisión Nacional del Mercado de Valores (CNMV), none of the directors owning Metrovacesa shares will accept…


Acerinox

Acerinox shares suspended from trading on rumours of merger with Aperam

Bankinter | The Stock Market Regulator (CNMV) has suspended trading in the shares of Acerinox this Friday, on the news of a possible merger with Aperam, whose share trading is also suspended. According to financial daily Expansion, and as picked up by Bloomberg on Thursday, Acerinox and Aperam could be studying their integration. Bankinter analysts’ team opinion: Acerinox and Aperam are both leaders in stainless steel, with similar market capital (Acerinox’s…


Abengoa anticipates tripling its billing in 10 years

Abengoa Assures It Has Submitted to SEPI All The Documentation Required For The 249 Million Euro Bailout

Abengoa has submitted to the State Industrial Ownership Corporation (SEPI) all the documentation and information required to obtain new financing for a total amount of 249 million euros from the Solvency Support Fund for Strategic Companies. “The application for this SEPI Financing continues to be processed, having submitted all the documentation and information required by SEPI”, the Andalusian company said in a statement sent to the Spanish National Securities Market…


Banco Popular

Banco Popular: An Avoidable Drama

Aristóbulo de Juan | The fifth anniversary of the so-called resolution of Banco Popular has just passed. A historic event where the new European mechanisms and the FROB were the protagonists. I believe that what happened deserves a reflection based on a recap of the events over the ten long years that put an end to a bank that had been a model until the end of the last century….


Mapfre

Mapfre’s solvency ratio 205,3% end-March 2022, within tolerance threshold

Link Securities | In a Relevant Fact sent to the CNMV, Mapfre has communicated to the General Directorate of Insurance and Pension Funds the quarterly recalculation of its solvency position. This is to comply with the European Central Bank (ECB)’s requirement in the context of financial stability. It also follows the Insurance Supervisor’s recommendation based on good practices for Internationally Active Insurance Groups. According to the calculations which have been…