The CEO of Criteria Caixa, Ángel Simón, highlighted today in his speech at the CEDE Congress that investor holding will continue to maintain its level of influence in companies such as Telefónica and Naturgy.
Simón’s statements come before the intervention of the presidents of both companies at the same meeting and after the Government has confirmed the entry of the Saudi STC into the capital of Telefónica.
STC Group has acquired a 9.9% stake in Telefónica through the acquisition of shares representing 4.9% of the operator’s share capital and financial instruments that confer economic exposure on another 5% of the share capital. In this way, the Saudi group will obtain the voting rights corresponding to that 5% through the physical settlement of the aforementioned financial instruments after obtaining the necessary regulatory authorizations.
In the dialogue on Business Transformation and new investment trends, the CEO of CriteriaCaixa, Ángel Simón, also stated that “we will invest in 100 small and medium-sized companies that want to grow and innovate, to provide them with capital that generates employment, talent, stability and economic and social progress”. As the first industrial holding company in Spain, Simón has highlighted the leadership and influence of CriteriaCaixa to “promote the industrial fabric and have a real impact on people.”
For his part, Héctor Flórez highlighted that business purpose is fundamental to driving organizational transformation, considering it as “a key element of corporate culture.” He argued that purpose not only attracts talent, but also creates an emotional connection in employees, aligning them toward common goals.
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