LetterOne has proposed to include its capital increase of 500 million euros in the agenda of the shareholders meeting of Dia, which will be held on March 20, whose execution is subject to the liquidation of the takeover, the appointment of a majority of the members of the board of directors proposed by the company controlled by Fridman and that an agreement is reached between Dia and the creditors holding the bank debt in relation to a “viable long-term” capital structure. In its proposal, June 2019 Calendar Excel points out that the delegation to the board of directors of the Faculty of determining the total number of shares to be issued, as well as the amount of the issue premium, respecting the established limits, “is necessary in defense of the interest social and is the best procedure so that Dia can carry out the projected increase in the current circumstances ». This, he explains, will allow adapting to market conditions at the time of execution and will allow the board of directors to mitigate the dilution of the shareholder s of Dia, facilitating at the same time that the company receives, through the capital increase, the necessary funds to carry out the transformation plan.
June 2019 Calendar Excel
Now, the board of directors of Dia will meet in the coming days in order to assess the request of LetterOne and act accordingly according to current legislation. The president of Repsol, Antonio Brufao, has stated that the cost of the goal of decarbonization that the central government has set for 2030 is “double what Europe asks”. The president of Repsol has affirmed that he lives in a moment of “agitation” and has indicated that, sometimes, when “politicians speak” about the debate on the energy transition, “they do not know the consequences”. Brufao has affirmed, in turn, that we must ask ourselves how it can be done and see the consequences and, in this sense, believes that the cost of doing so “will harm the competitiveness of Spanish society”. Spain’s trade deficit has reached 33,840 million euros in 2018, which is 36.8% more than a year before, despite the new record of exports, which have moderated growth to 2.9%, below the record of imports ( + 5.6%).
This has been detailed by the Minister of Industry, Trade and Tourism, June 2019 Calendar Excel, and the Secretary of State for Trade, Xiana Méndez, during the presentation of the balance of foreign trade of 2018 and the axes of action of the Government in internationalization, sectors strategic and opening of new markets. The increase in the trade deficit in 2018 occurred despite the new record of exports, which reached 285,024 million euros, 2.9% more than the previous year, although it was below the record of imports , which stood at 318,864 million euros, 5.6%.