Search Results for CNMV

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CNMV, BME are proposing fiscal incentives for start-ups to list on the stock market

Fernando Rodriguez| The Spanish stock market regulator (CNMV) and BME have proposed providing fiscal incentives for start-ups which decide to list on the stock market. The proposal is in response to the public consultation prior to the elaboration of the draft text for the Law to Promote the Startup Ecosystem. This was launched by the Ministry for Economic Affairs and Digital Transformation and completed on 25 January. The text proposed…

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.

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’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…

siemens gamesa UK

Siemens Energy Launches €4 Billion Bid To Delist Gamesa From The Stock Exchange

Siemens Energy has launched a takeover bid for the 32.9% of Siemens Gamesa’s capital that it does not already own, valued at 4 billion euros. The offer will involve a payment of 18.05 euros per share in cash, less than the 20 euros it paid in February 2020 to Iberdrola for the remaining 8% of the capital. Then the CNMV exempted them from launching a takeover bid for its industrial…


Norges Bank Unveils A 3% Stake In Banco Santander

Norges Bank, the Norwegian bank in charge of managing the country’s sovereign wealth fund, has revealed a 3.006% stake in Banco Santander, a percentage it controls directly. This is according to the notification it sent Thursday to the National Securities Market Commission (CNMV). Norges Bank’s stake in Santander consists of direct control of 513.4 million shares which, at Thursday’s closing price of EUR 2.69 per share, implies a total value…