In addition to claims for damages to the building, Allianz could face claims for business stoppage, the paper said, from the companies that occupied the Windsor and several nearby buildings.Īn Allianz spokesman couldn't immediately confirm the report. "We're looking into it, it's too early to say," said a spokesman for Mapfre, Spain's largest insurance company.Īccording to Spanish financial daily Expansion, Allianz is the primary insurer of the building, which was valued at €84 million ($108.1 million). The Deloitte spokeswoman said her company audits the accounts for 21 of the 35 companies included in Spain's IBEX-35 index of most liquid stocks.Īll of these companies must have their 2004 accounts audited and ready for presentation to shareholders at annual general meetings by June 30.Įl Corte Ingles, Spain's signature department store, confirmed it won't open Monday and told its 2,000 employees to stay home.Īre evaluating whether or not they have exposure to the fire, a spokesman said. Any hiccup in the operation of the largest accounting firm in Spain could impact many of Spain's listed companies. Nearly half of the company's 3,000-member Spanish work force was based in the building. "We're in the process of evaluating the damages, but at the moment, we don't believe there will be delays," a spokeswoman said, adding that all critical client data should be safely stored on the company's global computer network. Said it doesn't expect the fire, which destroyed its Spanish headquarters, to result in significant delays in the audits of Spanish companies. Gallardon said - will affect dozens of businesses and several thousand employees. Madrid Mayor Alberto Ruiz-Gallardon acknowledged, "The situation is still critical."Ĭlosure of the area around the building - perhaps through Wednesday, Mr. "What worries us now is its structural state because of the high temperatures it was subjected to," Merardo Tudelo, director of the Madrid Municipal Firefighters, told reporters Sunday evening.
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