IAG has decided that any non-EU investor which buys shares from today onwards will have their voting rights suspended and will have to sell them within 10 days. If they do not, IAG itself will buy these shares for repayment at the lowest price.
House sales have been posting double-digit figures for the past three years, there is strong growth in construction and prices are clearly on the up. What will the future bring? As explained in the next report from Caixabank Research, this positive trend is expected to continue in the sector, both because of the Spanish economy’s good performance and also the healthy state of the industry itself.
*Plamen Tonchev via Macropolis | Since 2008, the increasingly close ties between Greece and China have caught the attention of the world media and there has been plenty of speculation about where this ‘romance’ is heading. Last October, the Athens-based Institute of International Economic Relations (IIER) undertook to delve into the intricate way China is perceived in Greece and the underlying causes behind this relationship.
Leonardo Vivas | Until January this year, Nicolás Maduro, Venezuela’s strongman, seemed to have overcome all the obstacles in his battle for political survival. But after a few years preaching in the wilderness, the country’s democratic forces found a new energy with Juan Guaidó.
Europe represents more than a third of global investment in Industry 4.0, and the countries of western and northern Europe are the principle markets, especially Germany. On the other hand, the leading European car makers are already investing in their businesses with the objective of electrifying their fleets.
The National Markets and Competition Commission (CNMC in its acronym in Spanish) is processing a circular so that all energy companies which supply electricity, gas and hydrocarbons meet six ratios which constrain their level of debt and dividends in relations to the volume of assets, cash flow, EBITDA or financial costs.
Letterone has finally announced a voluntary offer for all of the shares in Supermarkets DIA which it does not currently control (70.999% of the social capital) at 0.67 euros/share, which represents a premium of 56% over the share price at the close of the market yesterday
The Villar Mir family has received up to five demonstrations of interest in buying its shares in OHL, of which it controls 35%. Among those interested in taking over the company are three Chinese companies, one Italian and one French, even though the actual names of the companies have still not been made known.
To advance towards banking union it is necessary to reduce systemic risk, and the quality not just the level of capital is ever more important. The most important risks associated with the banking sector remain the ratio of NPLs (non-performing loans) and the exposure to sovereign debt, according to analysts at Morgan Stanley.The European banks have made significant efforts to improve the quality of their assets.
The project, in which the Spanish engineering company Sener is also participating, forms part of the bid that Cobra, the subsidiary of the group chaired by Florentino Perez is making for investment in constructing new installations for the generation of renewable energy.