It was the preagreement between Spanish political parties PSOE and coalition Unidas Podemos that rang the companies’ alarmes, since both parties advocate fiscal justice and raising taxes for companies and banks, explained Jornal de Negócio, right after the preagreement was established, on the 12th of November, two days after the Spanish citizens voted.
According to newspaper Cinco Días, these possible changes in terms of legislation should affect Haya Real Estate’s and Sareb’s (Sociedad de Gestión de Activos procedentes de la Reestructiración Bancária) current business models, with whom the asset servicer had recently closed a deal to manage a credit and asset portfolio estimated at 8.000 million euro.
Things calmed down after the statement from Nadia Calviño, representative of the Spanish Ministry for the Economy. And negotiations were reopened with a lower amount than the initially established 1.200 million euro.
