The State pushes Red Eléctrica to buy Hispasat for 949 million The system manager, with 20% public capital, acquires Abertis the technological firm whose control was key for Spain Objective fulfilled Hispasat will be fully Spanish as the Government wanted. Through a bobbin lace, the satellite infrastructure company will be controlled by Red Eléctrica Española (REE), in turn owned by the State. An operation in which the company that manages the entire light transport system, from the power plants to the distribution points, will invest 949 million euros, as reported yesterday to the CNMV. The semi-public company chaired by Jordi Sevilla since last July has reached an agreement with Abertis to buy 89.6% of the capital that this company had in Hispasat, an operation that has suffered continuous ups and downs in recent years by the last change of government; for the purchase of Abertis, in which ACS and the Italian Atlantia finally participated; and by the ministerial rel...
BBVA admits that it may have an "economic impact" in the case of espionage The compensation of Francisco González was 5.5 million in his last year in office at the head of the entity, whose current management also recognizes the "reputational risk" of the open investigation into Villarejo. Among all the risks that may affect BBVA this year -evolution of the economy, interest rate policy, judicial disputes-, the entity has recognized for the first time and officially that the case of the alleged espionage commissioned to former Commissioner Villarejo joins the potential problems that you will have to face. Therefore, and also explicitly, the bank points out that such practices "could have a negative impact" that can be "reputational" or "economic" for the business of the corporation. A month after the first information was leaked about the work allegedly carried out by the bank to the security company Cenyt -linked to Vi...
First acquittal to a bank dome, that of Caixa Catalunya, for millionaire salaries in the crisis The ex-president of the entity, Narcís Serra, gets rid of the jail sentences that demanded the accusations for granting a high remuneration in full swing of the bank a decade ago The last managers of Caixa Catalunya, with their former president and ex-socialist Narcís Serra at the head, have been acquitted of the crimes of unfair administration and misappropriation for the compensation they received when the entity was in full decline due to the economic crisis that began a decade ago This has been determined by the Eighth Section of the Audiencia of Barcelona in a ruling in which it frees almost 40 former directors, including its CEO, Adolf Todó. The ruling supposes the first acquittal that the Justice grants to part of the old domes of the savings banks for the acts related to the recession stage of those businesses, with millionaire salaries in NovacaixaGalicia; t...
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