In Spain

Montero

Government raises ‘spending ceiling’ to record €199,171 million in 2025 and forecasts deficit of 2.5%

The Government has raised the ‘spending ceiling’ to a record €199,171 million in 2025 and forecasts a deficit of 2.5%. It includes a transfer from the State to the Social Security to the amount of €22,800 million, which represents an increase of 7%. Minister Montero explained that this figure of €199,171 million is “quite similar” to that recorded in the previous year -only slightly higher–, given that from now on…

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Puig edificio

Puig to be listed on Wall Street through ADR programme equivalent to 25 million shares of company’s stock

Norbolsa | Citi, in addition to the company itself, launches an ADR program through which Puig will be listed on Wall Street to satisfy the interest of American investors in the company. The programme is equivalent to 25 million shares of the company. As it is an unsponsored ADR programme, i.e. the company has not been involved in the programme, the company has no additional regulatory needs due to its…