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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.