ibex35 joint effort

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Inditex, Iberdrola, Banco Santander, BBVA And Telefónica Are Preparing A Joint Effort To Purchase Medical Equipment

Spain’s top companies are preparing a joint effort to buy the necessary material for this health crisis, such as respirators or facemasks. Their intention is to coordinate, as best as possible, the donation of essential material, and not duplicate efforts. This important operation is estimated at around 150 million euros, at the rate of over 25 million per firm, according to internal sources who have confirmed it with news agency Colpisa. That said, each company decides on the amount it wants to contribute.