Spain strengthens the armor companies considered strategic were born with the coronavirus with the new legislation foreign investment. In March 2020, as a result of the pandemic, the Government launched the so-called anti-opa shield to give itself some form of protection. gold stock inside the Acquisition of large companies by non-EU companies. That measure permanent character since then, approved by the Council of Ministers on Tuesday and industry catalog Subject to a permit to enter Spain And halving solution times, six to three months.
The BOE’s rule published this Wednesday and will come into effect in 2019 next September 1is is independent On the other hand, it has also been approved by the Community countries as a result of covid, which affects investments in Spain and in this case has a temporary validity until 2024. Thus, the need for a new royal decree remains. preliminary administrative permission for direct investments in Spain by residents of third countries –Moreover collective investment plans And employment pension funds European Union or European Free Trade Association — investment equal to or more than 10% of the capital in a Spanish company commonly called strategic sectors. This control does not include foreign capital increase Those who already own more than 10% of a company and increase their involvement before they gain control.
when it comes scope of application the themselves So far — energy, transportation, water, health, communications, media, data processing or storage, aerospace, defense, election or finance, Artificial Intelligence, robotics or microchips — but some have been added exemptions to the original standard. In this sense, one of the most constrained sectors is energy exempting non-affecting purchases from pre-authorization regulated business of a company, does not acquire the status of the company arising from the operation dominant operator or in case of purchase Small trading companies with less than 20,000 customers.
Also, when it comes to foreign investment, purchase of production parks electric power, For example, it may be the case that a non-EU company enters into an agreement. eolico Park or photovoltaic in this countryauthorization will only be required if it exceeds 5% of installed power quota a particular technology Installed power is understood as the power obtained as the division between installed power in the hands of the investor –this includes all of the investor’s production assets at the time of application, as well as assets that can be acquired– and national generation park always for technology
“Electricity generation assets should be weighted according to: thanks to the maturity and degree of implementation of the projects Taking into account the administrative proceedings of the relevant investments, in the text containing the expressions “the calculation of the installed power quotas” time horizons and renewable integration targets provided in the energy planning tool in force at the time of the foreign investment permit request”.
acquisition of companies income under 5 million euros in the previous year unless there are operators using radioelectric spectrum or related mineral deposits. and investments real estate acquisition not related to any critical infrastructure and temporary investments, i.e. short-term the investor has no power to influence the management of the acquired company (time or day). It will be the final investors who need authorization where appropriate.
Approval of this standard, Adapting Spanish regulations to the community after commissioning european union investment control regulation According to the sources, in October 2020, for security and public order reasons, a framework for the control mechanism of foreign investments from outside the EU in Member States was established. Ministry of Industry, Trade and Tourism.
And what to call it Foreign Investment Board what will it be college body will consist of a presidency responsible for reporting on this matter, which General Directorate of International Trade and Investment; as members will be a representative National Intelligence Center (CNI)Operations Department representative President’s Office of Homeland Security and a representative from “at least Deputy Director General or from each Ministry holding the rank of assimilation” and a Secretariat reporting to the head of the Foreign Investment General Sub-Directorate, or a minimum of Deputy Director General or assimilated instead.
To monitor its execution, press “at the latest March 31 of each yearTo be published by the Ministry of Industry, Trade and Tourism annual report including previous “calendar” year It will contain aggregate information on foreign direct investments made in the region and the implementation of control mechanisms over them, as well as “requests from other Member States”.