Spanish companies urged to complete takeovers quickly

Pedro Sanchez and Pablo Iglesias likely to run Spain Credit: La Moncloa flickr

IN anticipation of an established left wing Government in Spain, a number of investment banks are urging businesses which are looking to buy or sell to complete as quickly as possible.

For some months there has been less movement with takeovers than is usual, but now that it looks very likely that PSOE and Podemos will be relatively secure in power, these banks anticipate increased taxation.

Even though there is nothing concrete announced, it is believed that the next 12 months will see increases of capital gains taxes.



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