Rumasa

Rumasa ( Ruíz Mateos Sociedad Anonima ) was a holding company founded by José María Ruiz Mateos Spanish companies. On 23 February 1983, the Spanish socialist government nationalized the corporate conglomerate. At this time, there was a whole group of 700 companies had about 65,000 employees and an annual turnover of 350 billion pesetas.

The government justified the expropriation by the danger of a collapse of the group by the constant uncontrollable purchase of other companies and the resulting risk to the overall economy of Spain.

• Company (Spain )