MADRID | By Fernando G. Urbaneja and Julia Pastor | The depressed Spanish real state sector wakes up slowly, and hopefully, steady thanks to Inmobiliaria Colonial and Realia, two midcap construction companies, which went through the sorrows of housing markets crash. The first is involved in a €1 billion capital increase; the second is said to be bought a major stake by Amancio Ortega, Inditex chairman and third world’s wealthiest businessman.
MADRID | By Julia Pastor | Car components company CIE Automotive will merge its forging plants in Spain and Lithuania with Indian group Mahindra. The resultant company will be named Mahindra CIE. This strategic alliance will enable CIE to double its current sales of €1.6 million.