Competition Mergers of Companies Essay Example | Topics and Well Written Essays - 750 words

Competition Mergers of Companies - Essay ExampleIt provides converse and entertainment answers to the majority of countries in the European Union.CaixaBank is a financial enterprise that is controlled entirely by the La Caixa Group of companies. It is the parent company of La Caixa Companies that deal with banking and separate related activities. It of importly operates in Spain and other European countries and the international presence are felt through strategic alliances with key financial institutions.Banco Santander is the main company of the Banco Group of companies that deals major in international banking. It is active in retail banking, asset management, redress and investment banking in most of the European Countries.Telefonica, CaixaBank and Banco Santander merge to form a new company. The companies are the notifying parties in the creation of Newco. The notifying companies provide the relevant documents that are used in the merger control of the joint venture. Newco pull up stakes be active in Spain and it will develop an ecosystem that will be able to offer its members with many services. The services will be available online and will be accessible by many individuals online. individually of the Notifying parties will hold equal shareholding in Newco. They will have equal chances to exercise control everywhere the company. It means that they will have a joint control over the Newco. Newco is expected to perform the functions of an sparing enterprise in Spain. There will be a management team that will be run the day to day activities of the company. The management team will have access to the resources of the company that allow in finance and the assets of the company.The company will provide online services to numerous individuals in Spain. The services will overwhelm digital advertising services that will provide a chance to individuals in the digital creative activity to advertise their products. The virtual community will be able to able to interact online and provide mobile-based couponing and faithfulness services.