We wrote them a letter and had a phone call with the head of labour relations and investor relations.
The alleged anti-union practices seem to not be based on any facts and the allegations are made by one union group with their own agenda. MSCI uses that organization’s website as its only source.
• The additional due diligence that was conducted at Prosegur did not find any labour rights issues. The confidential report was sent to us for review.
• Union membership statistics are above average, especially for Spain.