Daniel Galván, director at GBS Finance, analyzes the Spanish M&A outlook

Daniel Galván warns that because “Spain has been on the cover of the Financial Times on a daily basis”, foreign investors “only recognize purchasing opportunities after prices have plummeted.”

We need to merge companies. Mergers are transactions that do not require financing. They only involve an exchange of shares. Via mergers, we would be able to look ahead and wait until the storm clears. These consolidations are the solution for Spanish companies.

OFFICIAL STATEMENT – IDENTITY THEFT ALERT

Madrid, October 22, 2025

Capital Markets AV SA, a regulated entity and part of the GBS Finance Group, hereby informs that we have detected an attempt at identity theft through the unauthorized use of our name and the creation of a fraudulent website falsely claiming to represent our firm.

We would like to state that no security breach has occurred in our systems or official communications. This fraudulent attempt was carried out by third parties unrelated to our organization, with the aim of misleading potential investors or clients.

In response to this situation, we have taken the following actions:

  • Filed a formal complaint with the National Securities Market Commission (CNMV) and the competent authorities.
  • Activated our internal reputation protection protocols and initiated cooperation with specialized cybersecurity organizations.

We strongly recommend that all our clients, partners, and the general public:

  • Always verify that communications originate from our official channels.
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