A Record Breaking Spain Investors’ Day

A Record Breaking Spain Investors' Day

There was a record attendance at this year’s Spain Investors’ Day in Madrid, the sixth time the event had been held.

Around two hundred investors took part from countries including Switzerland, the UK, Germany, Belgium, France, Denmark, Canada, Singapore, The USA, Austria and Italy. From Spain, the chief executives of 40 large companies attended representing 300,000 million euros of holdings and 80 per cent of IBEX 35.

The President of the Governing Council of the SID Blas Calzada said it was a great opportunity for the government to explain the Spanish macroeconomic situation to investors and for investors to present the plans of their companies.

He added, ‘[It] is a good barometer to discover the trend of international investment compared to Spain and is effective in strengthening market confidence in our economy.’

THE CONCEPT

Taking place at the Ritz Hotel in Madrid during April 12 and 13, the idea of the event is for Spain to convey the strength of its companies and economy to international investors. Also, companies were able to present their business plans to the investors in attendance.

In what was known as one to many meetings, senior managers had the opportunity to make a presentation to around 100 potential investors. They had thirty minutes to speak and then a further ten minutes for a Q&A session. These meetings were not open to the media so the only questions in the ten minutes available were solely from interested parties.

To allow more personal, in depth contact, one to one
meetings were scheduled by BNP Paribas and took place between listed companies and international investors.

They took the form of one hour private consultations allowing information to be informally presented. In the first year of this event, 451 such meetings took place. This year that number was almost doubled to more than 800. In addition, fifteen plenary meetings took place as companies and investors sought to make the most of the event.

In addition, a networking room was made available. Here, people could mingle informally and see and discuss the latest market developments with monitors carrying programs from Bloomberg and Reuters.

GOVERNMENT ENDORSEMENT 

With the attendance of representatives of PP, PSOE, Podemos (We Can) And Ciudadanos (Citizens), all four main parties had a presence.

And its committee of honour, made up of business people and members of economic and academic institutions, is chaired by His Majesty the King of Spain Felipe VI.

The meeting was inaugurated by Minister of Foreign Affairs and Cooperation in Functions, Jose Manuel Garcia-Margallo. He said it all highlighted significant potential for Spain and proposed the formation of a commission of experts to design a white book. This would contain the best economic practices that have worked in other countries. The commission will take the form of a dialogue between politicians, entrepreneurs, universities, scientists and trade unionists.

With all the main political parties represented, the opportunity was taken for a round table discussion where they were able to explain their economic programs to investors. Speaking for their respective parties were Teodoro García Egea of PP, Manuel de la Rocha of PSOE, Ivan Ayala of Podemos and Antonio Roldán of Citizens.

Strategic partners for the event were BNP Paribas and Exane BNP Paribas. It was sponsored by Grant Thornton and AON while additional support came Cecebank, PRISA, BME, Linklaters and ICEX.

For more information, please contact corporate law firm Argali Abogados

Comments are closed.