Novomatic, among the beneficiaries of subsidies from the European Central Bank seeking to boost the economy
Wednesday, 21 December 2016 13:32
Since March, the European Central Bank has launched a program to buy bonds from different companies to move the economy: Spanish companies have been benefited and also Novomatic, for example ...
Up to fifteen operations of this type have gone to Telefónica, eleven to Gas Natural, ten to Iberdrola and five to Repsol. These are the "Spanish" results of the purchases of bonds carried out by the European Central Bank, compiled by the Corporate Europe Observatory, according to diagonalperiodico.net.
The CEO study includes grants for Novomatic or companies such as Moet Chandon, the Hennessy cognac or the Louis Vuitton bag company.
Through this CEO report the name of the companies is known, although the European Central Bank has not specified how the 4,600 million euros that have been put into circulation in this expansive program called the Corporate Securities Acquisition Program (CSPP by its acronym in English), just over a third of the 12,500 that are made available to multinational until September 2017.