CNMV, the National Securities Market Commission of Spain has approved amendments made to the 2011 Gaming Law sanctioned by the Ministry of Consumer Affairs. The independent agency responsible for Spain’s financial regulation and market securities endorsed new amendments imposed on the 2011 Gaming Law that require safer gambling provisions to be treated as key criteria for market competition. The business …
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CNMV suspends Codere listing as shareholders press for break-up
Spain’s National Securities Exchange Commission (CNMV) has been forced to suspend the listing of Grupo Codere SA shares on the Bolsa Madrid Exchange. The exchange regulator informed that its decision was taken, following an extraordinary meeting of shareholders that approved for Codere to begin a settlement process for the company to be dissolved. As a result, the CNMV has been …
Read More »Codere founding family demands €900m compensation from US investors
Grupo Codere SA is caught up in a further investor dispute, after the company’s founding Martinez Sampedro family demanded that their minority shareholding be acquired by the firm’s remaining US investors. The Martinez Sampedro family have filed an appeal with Spain’s National Securities Market Commission (CNMV), urging the regulator to demand that US investors acquire the family’s 14% stake in …
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