The Government’S Fury Over The Acquisition Of Nature

2021-02-13   |   by CusiGO

The government’s move to buy nature has caused some uproar. Although this is a partial acquisition of a 22.69% stake in the energy company and the Australian monetary and Financial Institutions Fund (MFI) has pledged to respect the Spanish nature of the company, the qualification of the strategic company requires that it must pass the government review before it can continue to operate. Theoretically, administrators have six months to express their opinions, but it is expected and hoped that this period can be appropriately shortened. In theory, this is also the reason why the Ministry of industry must guide and evaluate the action, and then reject the proposal to the Council of ministers.

However, more sectors are playing a role: economic, ecological transformation and, of course, the president of the government, where the emphasis on “looking strategically” leaves uncertainty. Similar to what the Minister of transport, Jos é Luis Á balos, said last Wednesday, although his department (in theory) was not involved, he did face a dilemma: “the government can’t stand by, it’s important that we have some control to protect the vitality of Spain’s strategic enterprises.”. When asked about the hypothetical veto, he announced to ser that the possibility was taken as news and the stock market collapsed.

Of course, MFI investors pension fund, which is indirectly responsible for the riots, did not predict that their acquisition of natury on January 26 would have such an impact on the political compound. For months, the operation has been prepared by Valenciano Jaime siles, its vice president of infrastructure, a 34 year old young road engineer trained at Valencia and the University of Paris. In 2012, he started working for the Bouygues group and was soon hunted by the Australian fund. Sears is home. This will be the fourth deal in Spain after entering aquaria (49%); the acquisition of aleatica, a distributor controlled by OHL, and a stake in Huelva port.

Siles’ task is to convince the Spanish authorities that the goals of microfinance institutions are in line with Spanish requirements and report to London and Australia on a daily basis. From an economic point of view, the move seems to be in tune: investing more than 5 billion euros is a successful investment, and an action of this scale is supporting energy transition policies.

From a statesman’s point of view, he believes that Australia is a country with close and good relations with Spain, with more and more companies, especially energy and infrastructure; the fund’s mission to ensure its long-term existence, Ensure Hispanic management and continuity of management team. In any case, it is worth mentioning that in naturgi, only about a third of the pure Spanish capital (24.8% of the standard and about 8% of the ethnic minorities) remains there. The rest will be in the CVC Fund (20.4%) and GIP Fund (20%) and the Sonatrach fund of Algerian state-owned enterprises (4%), in addition, if microfinance institutions achieve their highest goals, they will also participate.

What the government says depends on the intervention of the national market and Competition Commission (CNMC). That is to say, if it opposes, regulators have little opinion. Without a veto, it would have to review the deal like the national securities and Market Commission (cnmv), especially if there were any negotiations.

Founded 25 years ago, MFI investors aims to protect retirement savings and make them profitable. The Fund says it is involved in very long-term projects, “not so much short-term benefits as part of industries and companies with long-term strategic vision.”. He announced that he was a signer of the principles of responsible social investment and was committed to ESG (environmental, social and corporate governance) issues, working with the companies he invested in to improve their performance and minimize investment risks. “Fully in line with the core principles and objectives of microfinance institutions.”

Since 2018, Greg Corbett has been a leader in microfinance investors. From 2000 to 2007, he served as Secretary General of the Australian Trade Union Council (actu). It has the largest number of workers in Australia, with 46 member unions, where it has successfully repealed the labor relations act, which aims to raise employment levels by exempting inappropriate dismissal laws and to allow employment The workers negotiated the terms without collective representation. From 2007 to 2013, she held different ministerial positions under the leadership of Labor Prime Minister Kevin Rudd and later Prime Minister Julia Gillard.