European Commission approves joint venture by four Spanish companies

The European Commission has approved the creation of a joint venture involving construction group ACS, telecommunications firm Telefónica, financial institution Banco Santander and SETT.

By Sama News Agency

August 30, 2026

The headquarters building of the European Commission in Brussels, a modern curved structure with orange brick columns and glass exterior, displaying a large blue banner with the EU stars and institution name. — Ilustrasi. The European Commission headquarters in Brussels. The Commission approved the joint venture between the four Spanish companies on this date. (Foto: EmDee / Wikimedia Commons (CC BY-SA 4.0))

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The European Commission has approved the creation of a joint venture by ACS AIID, Telefónica, Banco Santander and SETT. The clearance was granted under the EU Merger Regulation.

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