In Spain

Gas Natural becomes Naturgy

TAQA negotiates with CVC and GIP a €26,000-million bid for Naturgy

TAQA, the Emirates giant, confirmed yesterday that it is negotiating with CVC and GIP, and in agreement with La Caixa, an offer for 100% of Naturgy. Because if an agreement is reached for CVC and GIP to sell, and given that they account for more than 40%, TAQA would have to make a takeover bid for 100%. After the confirmation of the negotiations, the National Securities Market Commission (CNMV) suspended…

Read More

Chery

Chery to become first Chinese carmaker to manufacture cars in Spain

Chery will become the first Chinese carmaker to manufacture cars in Spain. It plans to manufacture both combustion and electric vehicles in Spain, as well as those with some form of hybridisation. The Asian carmaker has just signed an agreement with EV Motors, which is seeking to reindustrialise the former Nissan Barcelona, for Chery to manufacture vehicles entirely in the Zona Franca of Barcelona and thus occupy the site left…