Tuesday, November 24, 2020
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The Government Raises the Threshold for Companies to Move from the BME to the Main Stock Market

The capitalisation threshold has risen from 500 million euros to 1,000 million euros, in accordance with the decision taken by the Executive.

The tightening of the market capitalisation requirement for listed companies has been included in a royal decree law governing urgent measures to support business solvency, which the Council of Ministers approved on Tuesday.

At a press conference after the cabinet meeting, the Minister for the Economy, Nadia Calviño, explained that the objective of this measure is “to facilitate companies’ access to alternative sources of financing besides those offered by banks”. Companies with smaller market capitalisations are listed on the BME, including many real estate companies that operate under the Socimi regime.

Read the full article in Spanish.

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