In Spain

EU ruling on Spanish floor clauses

EGC upholds tax aid to Spanish companies for purchases abroad originally struck down by Brussels

The General Court of the European Union has ruled that the tax incentives approved by the government of José María Aznar in 2001 for companies to deduct indirect purchases of shares abroad are legal. This incentive was approved with the aim of allowing national companies to grow abroad. The Executive then allowed companies, including large firms such as Banco Santander, Axa and Prosegur, to deduct the goodwill generated by the…

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Indra Tecnocom

Indra ups investment in convertible bond buyback to €226.9m after receiving further expressions of interest

Link Securities| In connection with the invitation to the holders of its outstanding convertible bonds corresponding to the issue in the amount of 250,000,000 at 1.25% maturing in 2023, with ISIN code XS1500463358 to make offers to sell bonds to Indra (IDR), the company announced that, since then, it has continued to receive expressions of interest from bondholders for the repurchase of its bonds in the secondary market and has…