SanJosé sinks 8.5% with the delay of Operation Chamartín

  • The Carmena City Council does not see it possible to approve the project before Sunday
  • La quiazada has scored the worst performance of the Spanish stock market

Shares of the constructora SanJosé he sees plummeted this Tuesday in the stock market by 8.56% after learning that the Madrid City Council will not approve Operation Chamartín, now called Madrid Nuevo Norte, before the elections on May 26.

At the close of the day, the titles of the company -which they have recorded the biggest fall of the Spanish stock market– they were exchanged at 6.62 euros, from 7.24 the day before.

The mayor of Madrid, Manuela Carmena, has committed to approve the project in the first ordinary plenary session of the next term if he manages to continue at the head of the capital.

In statements to the press, Carmena explained that the City Council does not have time to answer the clarifications requested by the Community of Madrid in the environmental impact report sent yesterday Monday.

Distrito Castellana Norte (DCN), the promoter company of Madrid Nuevo Norte, trusts that the project be a “priority” for future governments of the City Council and the Community of Madrid.