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Jesús de Benito at S&P (B): The sale and subsequent integration in Gedas
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Reference: ASN-54-E
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Year: 2000
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Number of pages: 4
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Geographic Setting: España
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Publication Date: May 2, 2012
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Source: IESE (España)
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Type of Document: Case
Description
Jesús decided to sell the company. Due diligence started in February 2000. The first predictions suggested that the deal would be closed in the fall, as the German partners had to give its approval. Jesús urged the buyer to speed up the process, as, according to him, the company was completely sound, with no debt or hidden liabilities. He faced the future without neglecting the commitment he had acquired to a workforce that had helped him get to where he was now.