Once the transaction is closed, Mutua will control the company with that 50.01% of the capital, leaving the rest of the company divided between Vikings Depth Chart (24.99%) and its management team (25%). The operation has been closed for an initial amount of 23.75 million euros, to which will be added 6.25 million more depending on the degree of compliance with the Alantra Wealth Management business plan foreseen for the period 2018-2022.
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«The entry of Mutua into the private banking business that we started with the executive team 9 years ago, which implies both institutionally and industrially, is a new boost to the activity, which will translate into a better service to all customers, “said Alantra president Santiago Eguidazu, who in 1984 founded together with Garralda and other AB Asesores partners, a firm that they then sold to Morgan Stanley. CSIF will carry out a campaign of mobilizations for the Government raise the salaries of public employees from January 1, whether or not there is an agreement on the General State Budgets for 2019.
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The Minister of Development, José Luis Ábalos, has presented this rule that aims to respond to the “difficult situation that occurs in the rental market” in some large cities, but has responded at the press conference that the Executive rules out measures of price intervention in the rental market.
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Ministry sources have stressed that the pact with Podemos to fix maximum rental prices will be reflected throughout 2019 because “it is of great technical complexity, statistics and data are needed and we must study the methodology that will be used.” On the other hand, the prices of social housing for rent will increase according to the CPI.
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From this ministry they stress that this royal decree aims to correct “many years of mistakes” to increase the supply of rental housing, give more security to the tenant and, in turn, the lessor, and offer financial relief to the most vulnerable families.
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The cost of real estate management and formalization of the contract will be borne by the lessor, when it is a legal entity (a company or company), except those expenses incurred at the direct initiative of the lessee. Likewise, it facilitates the adoption of agreements between the owner and the tenant for the renovation or improvement of the house in the course of a same contract, without waiting, as until now, for it to end.
The Council of Ministers today approved a royal decree-law of urgent measures on housing and rent in which they deal, among other questions, with an extension of the mandatory extension of contracts from three to five years and the tacit one to three, and limit to two monthly payments the bond to be demanded or that the landlord is responsible for the costs of real Vikings Depth Chart estate management and formalization of the contract. All measures will take effect the day after their publication in the BOE and will not be retroactive.