Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Abertis says Caixabank's Isidro Faine has resigned from board

Published 18/05/2015, 18:07
© Reuters. CaixaBank's Chairman Isidro Faine speaks during news conference where the bank presented its 2014 results at its headquarters in central Barcelona
ABE
-
CABK
-
NTGY
-
REP
-
TEF
-
SEVI
-

MADRID (Reuters) - Spanish infrastructure group Abertis (MC:ABE) said on Monday Caixabank chairman Isidro Faine had resigned from its board.

The company said in a statement to the Spanish stock exchange regulator Faine had given up his board seat, representing shareholder Caixabank due to a conflict of interest under a 2014 law regulating banks.

The law does not allow a bank director to hold more than four non-executive roles in other companies.

© Reuters. CaixaBank's Chairman Isidro Faine speaks during news conference where the bank presented its 2014 results at its headquarters in central Barcelona

As well as Abertis, Faine is on the boards of Telefonica (MC:TEF), oil major Repsol (MC:REP) and Suez Environnement (PA:SEVI) and last week joined Gas Natural (MC:GAS).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.