SPAINLAWYER — International Lawyers in Spain
M&A

Mergers and acquisitions in Spain

The Spanish deal process resembles the international norm with three local particularities: notarial closing, foreign investment screening and the treatment of labour liabilities.

Who this is for

  • Corporate acquirers
  • Sellers of Spanish companies
  • Advisers coordinating a Spanish leg

Notarial closing

Share transfers in Spanish limited companies are executed before a notary, which shapes the closing choreography.

Labour liabilities

Employee-related exposure transfers in ways that surprise foreign buyers. It is a diligence priority.

Clearances

Foreign investment screening and, where thresholds are met, merger control.

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Frequently asked questions

Share deal or asset deal?
Share deals are simpler to execute but carry the company's history. Asset deals isolate risk but trigger transfer formalities and can carry employee transfer obligations.
How long does a deal take?
Three to six months is typical for a private mid-market transaction, longer where clearances apply.