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Kutxa Foundation refuses to join Ayesa's purchase with the votes of PNV and Elkarrekin Podemos

Only one vote has decided to join the basque consortium, which consists of the Basque Government, the BBK Foundation and the Indar fund.

Sede de Ayesa
Ayesa Group headquarters. Photo: Europa Press.

Kutxa Foundationhas refused to jointhe Basque consortium to buy Ayesa thanks to the votes of PNV and Elkarrekin Podemos.

At a meeting held this Monday, representatives of the political forces in the Basque Country voted against the proposal, so Kutxa will not join the group formed by the Basque Government by a single vote.

Faced with this decision, representatives of EH Bildu and PSE have been critical and "concerned."

The purchase will bring to the Basque Country the technological division of Ibermatica San Sebastián, although the Kutxa Foundation will not be part of the Basque consortium formed by the Basque Government, the BBK Foundation and the Indar Fund.

Political reactions

The Industry, Energy Transition and Sustainability Advisor, Mikel Jauregi, has been sad about the decision and has described it as "a pity," and has stressed that the agreement will be signed before the end of the year.

On the other hand, the reactions of the political forces have been immediate, since EH Bildu and PSE-EE have voted in favour of the proposal and are therefore not satisfied with the decision taken by the other parties.

Abertzale spokesman Pello Otxandiano has described the decision as a "serious mistake" and criticized the "lack of vision of the country. "

"How is it possible that BBK has one investment policy and Kutxa has another? (...) The foundations of the banks are created to do social work, in this case, to root out a major company, not to do financial business," said EH Bildu's spokesman.

For his part, the PSE-EE General Secretary of Gipuzkoa, José Ignacio Asensio, has expressed his "concern" about the "strategic" operation in the territory of Gipuzkoa.

"It is incomprehensible that a foundation like Kutxa does not want to participate in a similar project, based in San Sebastián, which has a direct impact on the economic and social development of the territory," the socialist leader has denounced.

Elkarrekin Podemos, on the other hand, has described the proposal as an "unnecessary risk" to the financial transaction and has therefore been the reason for voting against it.

Mikel Jauregi, Industria, Trantsizio Energetiko eta Jasangarritasun sailburua

It's a shame Kutxa didn't join Ayesa's purchase. "

Political reactions

Mikel Jauregi Industria, Energy Transition and Sustainability Counselor, has expressed his sadness at the decision and has described it as "a pity," and has stressed that the agreement will be signed before the end of the year.

On the other hand, the reactions of the political forces have been immediate, since EH Bildu and PSE-EE have voted in favour of the proposal and are therefore not satisfied with the decision taken by the other parties.

Theabertzale spokesman, Pello Otxandiano , has described the decision as a "serious mistake" and criticized the"lack of vision of the country" .

"How is it possible that BBK has one investment policy and Kutxa has another? (...) The foundations of the banks are created to do social work, in this case, to root out a major company, not to do financial business," said EH Bildu's spokesman.

On the other hand, Jose Ignacio Asensio No the general secretary of the PSE-EE of Gipuzkoa  has declared himself"concerned" following an operation that he describes as "strategic" in the territory of Gipuzkoa.

"It is incomprehensible that a foundation like Kutxa does not want to participate in a similar project, based in San Sebastián, which has a direct impact on the economic and social development of the territory," the socialist leader has denounced.

But Elkarrekin Podemoshas described the proposalas a financialtransaction  "unnecessary risk" P, so that's why they voted against it.

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