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Articles by The Corner

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
naturgy eolica

In Spain 2nd December 2024

Naturgy given EIB loan of €1bn for photovoltaic and onshore wind power plants and upgrades of existing facilities

Alphavalue / Divacons | The European Investment Bank and Naturgy on Friday agreed a €1 billion loan for solar PV and onshore wind power plants and the modernisation of existing facilities in Spain. The first tranche of this financing, for €400 million, was signed in Madrid, including a portion for battery energy storage projects for renewable energies. This project will increase Spain’s renewable power generation capacity by 2.3 GW, contributing…

Ferrovial

In Europe 2nd December 2024

Ferrovial and British company BAM Nuttal to develop London-Birmingham high-speed rail link in contract worth over €1 billion

Alphavalue/ Divacons | The consortium in which the Spanish construction company participates won a contract for high-speed works between London and Birmingham. The contract could be worth more than €1 billion. Ferrovial, together with local company BAM Nuttal, will design and build the tracks between Old Oak Common station in northwest London and Curzon Street in Birmingham, which is being built by Dragados. Trains will be able to run at…

Captura de pantalla 2024 12 02 a las 09.56.57

In Spain 2nd December 2024

PSOE closes congress in Bulgarian style to rally around Sánchez and his government, besieged by corruption

In a 41st Congress with no room for self-criticism, the PSOE has rallied around its leader – and his wife – after ousting hours earlier the territorial leader of the PSOE in Madrid, who was not sufficiently committed to the Sánchez cause. As former president Zapatero recalled on the first day of the Congress, in the PSOE they have ‘loyalty as a rule.’ So, there was applause and more applause,…

grifols blood bags

In Spain 2nd December 2024

Grifols negotiates refinancing of bonds maturing next year and €1.4 billion credit line with banks

Link Securities | Grifols (GRF) is in negotiations with banks to refinance bonds maturing next year and a credit line, for a combined amount of €1.4 billion, as confirmed by the CEO of the pharmaceutical company, Nacho Abia, in an interview with Bloomberg reported by the digital portal Bolsamania.com. Abia explained that the company’s ‘plan A’ is to obtain a refinancing agreement for the €370 million in bonds maturing in…

francia asamblea nacional

In Europe 2nd December 2024

French PM Michel Barnier abandons plans to increase electricity taxes in 2025 budgets

BancaMarch: Michel Barnier, Prime Minister of France, is abandoning plans to increase electricity taxes in the 2025 budget. This decision, which would be a concession to the demands of Le Pen’s party, is not enough. The Rassemblement Nationale has the bargaining power to make the government meet its demands, since its vote would be decisive in the event of a no-confidence motion. Yesterday Barnier struck an appeasing tone, declaring that…

Air Europa

In Europe 29th November 2024

Air Europa in contact with Air France-KLM for possible partial buyout, IAG retains 20% minority stake

Alphavalue/ Divacons | Air Europa, Spain’s third largest airline, is in talks to sell a 20% stake to Air France-KLM and establish a commercial cooperation. The deal is expected to be valued at less than €100m and is unlikely to trigger antitrust intervention by the EU. Previously, IAG (owner of the two largest Spanish airlines) abandoned plans to acquire Air Europa, probably due to irreconcilable differences between the remedies required…

compras navidad

In the World 29th November 2024

Online sales as long shopping weekend after ‘Thanksgiving’ starts increase 4% vs. 2% in 2023

Bankinter | Online sales at the start of the long shopping weekend that begins with ‘Thanksgiving’ increase 4% vs. 2% in 2023 according to Salesforce. On Thanksgiving Day they amount to $7.5bn, 1% vs. 2023. Opinion of Bankinter’s analysis team: Very preliminary data from which we should not draw too many conclusions. The National Retail Federation forecasts that sales in the Holiday Season (1 November to 31 December) will grow…

Telefonica dos

In Spain 29th November 2024

Government authorizes Saudi STC to purchase 9.9% of Telefónica

The Council of Ministers has authorized Saudi Telecom (STC) to increase its stake in Telefónica from the current 4.9% to 9.97%. This was confirmed by the Minister of Economy, Trade, and Business, Carlos Cuerpo, at the subsequent press conference. Regarding whether the Saudi operator will request a seat on the Board of Directors of the listed Spanish company, the Minister stated that ‘that matter corresponds to the company itself.’ In…

PSOE

In Spain 29th November 2024

Sánchez’s PSOE: another Bulgarian-style congress while judges investigate his wife, brother, former number two, Attorney General…

A total of 29 magistrates—11 of them from the Supreme Court—have so far supported the four criminal proceedings that will be the elephant in the room at the 41st PSOE congress, which starts this Friday in Seville. The four have a common factor: they involve positions and individuals linked to the President of the Government, Pedro Sánchez. Three of them are investigating corruption crimes, as explained by the digital newspaper…

applus CM

In Spain 29th November 2024

Applus, delisted from stock exchange as of today following Amber’s takeover bid

Link Securities | The Governing Bodies of the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges announced that, in accordance with the resolution adopted by the National Securities Market Commission (CNMV) on 21 November 2024 and the provisions of article 10.7 of Royal Decree 1066/2007, of 27 July, on the rules governing takeover bids, once the settlement of the operations of the takeover bid for Applus Services’ shares by delisting of…