The Diplomat
The economic uncertainty and the fall in international investment in Spain as a result of the COVID-19 pandemic will mark the 11th edition of Spain Investors Day (SID), which will be held on 13 and 14 January in Madrid.
The event, whose Committee of Honour will be chaired by King Philip VI, will bring together more than 200 international investors and Spanish listed companies and representatives of the Spanish Government’s economic team and the national market’s regulatory and supervisory bodies. To date, 43 listed Spanish companies have confirmed their participation, mostly from the Ibex-35, three more than in the last edition in January 2020.
“The fall in international investment in Spain and the new situation created by the COVID-19 pandemic make it more necessary than ever to explain the strengths of our companies and the Government’s action plans”, said the organisers during the presentation of the event.
“In a scenario of uncertainty such as the current one, holding this 11th edition is a unique opportunity to generate and strengthen confidence in our listed companies, and it is more necessary than ever to explain and debate public action in economic and budgetary matters so that we generate confidence before the international investment community”, declared Benito Berceruelo, President of the SID.
Spain Investors Day is a company of the Estudio de Comunicación group, which has BNP Paribas, Europe’s leading financial services company, and Exane BNP Paribas, one of Europe’s leading equity intermediaries, as strategic partners. The Forum is sponsored by international firms such as Grant Thornton and Endesa, which joined as a sponsor on 10 December.
Cecabank, PRISA, BME and the public entity ICEX-Invest in Spain are also supporting the meeting and ICO, Linklaters, Equipo Económico, AON and, since 28 December, the Madrid City Council have been participating as collaborators. “It is a priority for the government team to permanently reactivate economic activity and, of course, to attract international investment not only to Madrid, but to the Spanish economy as a whole”, declared the Mayor of Madrid, José Luis Martínez-Almeida, after the signing of the collaboration agreement.
As a result of the pandemic, the 11th edition of the SID will change its format to address the limitations imposed by the health situation and “turn those limitations into opportunities to incorporate new forms of meetings between listed companies and international and national investors,” the organisers said. The events will be held at the Palacio de la Bolsa de Madrid (Madrid Stock Exchange Palace) with limited capacity in accordance with current legislation. In addition, investors will be able to attend in person or participate in the interventions and hold meetings telematically from their countries of origin.
