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

Competition Mergers of Companies - Essay Example It provides communication 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 other related activities. It mainly 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, insurance 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 will be active in Spain and it will develop an ecosystem that will be able to offer its members with numerous services. The services will be available online and will be accessible by many individuals online. Each of the Notifying parties will hold equal shareholding in Newco. They will have equal chances to exercise control over the company. It means that they will have a joint control over the Newco. Newco is expected to perform the functions of an economic 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 include finance and the assets of the company. The company will provide online services to numerous individuals in Spain. The services will include digital advertising services that will provide a chance to individuals in the digital world to advertise their products. The virtual community will be able to able to interact online and provide mobile-based couponing and loyalty services.