The National Securities Market Commission (CNMV) has formalized the hiring of the consulting firm EY as an advisor in the valuation of companies, according to Vozpopulí advanced and publishes this Thursday the Official State Gazette (BOE).
Half a dozen Spanish companies are preparing to debut on the stock market in 2021 after several years of drought
The award has been negotiated without advertising, through the expedited emergency procedure. A total of three offers were submitted to the tender, of which EY’s was selected, for 78,650 euros (with taxes) “for being the best offer.”
The EY contract takes place at a time of stock market heat, when half a dozen companies are moving with their sights set on listing during the coming months, if the pandemic and the financial market environment allow it, and with Spanish listed companies in the eye of foreign investors, despite the limitations that the Government has maintained to buy a maximum of 10% of the capital of strategic companies.
In addition to the price, the body chaired by Rodrigo Buenaventura has taken into account other award criteria, such as the company valuation reports issued and provided to the CNMV as part of the justification of the price offered in public offers for the acquisition of securities of regarding their authorization or the years of experience of the members of the staff assigned to the contract.