FCC lands contracts in Peru worth €200 million
MADRID | FCC is set to modernise the largest Port in Peru, for 165 million euro and to upgrade the Trujillo sports complex, site of the Bolivarian Games.
Companies
Ferrovial’s Rafael del Pino to the Spanish government: “Cut tax burden”
MADRID | Speaking to the shareholders, Ferrovial Chairman Rafael del Pino called for prioritizing economic growth and strong companies to enable Spain to create jobs once again. Ferrovial Shareholders’ Meeting, held today in Madrid, passed all the items on the agenda, including a dividend payment charged to reserves amounting to 0.25 per share; the company already distributed 1 euro per share in December.
Spain’s ACS awarded €340-million worth projects in Dubai and Australia
MADRID | ACS’ subsidiary Hochtief recently won several contracts: road maintenance in Auckland, redevelopment of air force base in Pearce and the Olgana und Hilliana hotel towers project in Jumeirah.
Valencian company develops test to detect horse DNA in meat products
VALENCIA | By Laura Garsando | In Spain alarms were raised no more than a month ago when two brands—Eroski Basic and Alipende— were found to be selling burgers with horsemeat not identified as such in the label.
Telefónica’s chairman challenges tax strategy of Apple and Google
MADRID/BARCELONA | Telefónica’s Executive Chairman and Chief Executive Officer César Alierta unburies the hatchet against the two giants, which in his opinion are abusing their power against customers’ interest.
Spanish Amadeus expands travel offer to central and northern Europe with Thalys
MADRID | Thalys will be available alongside airlines on selected routes in the Amadeus neutral booking display for travel agents and corporate bookers.
Singaporean Temasek increases Repsol stake to 6.3pc
MADRID | Repsol has sold its own treasury shares, amounting to 5% of the company’s stock, to Singapore’s Temasek for 1.036 billion euros. Together with existing shareholdings in Repsol, Temasek now owns 6.3% of Repsol’s outstanding shares.
How Telefónica cuts financial risks
MADRID | Telefonica basically focused on cutting down its risks by introducing extraordinary measures like asset sales and dividend cancellation. But indebtedness rates have fallen.
Iberia strike’s crazy sudoku
MADRID | By Carlos Díaz Güell | Some say the first step to solve a problem is to know what is it about. Although when it comes to Iberia, that has been having problems for more than two decades, it is not that simple. The once flagship Spanish airline had been denying its difficulties and its fundamentals rotted. Something that will be remembered in the history of aviation.
Shell buys Repsol’s LNG at $6.7 billion
MADRID | Shell will acquire the assets for $4.4 billion in cash and will assume $2.3 billion in financial leases ($1.8 billion) and debt ($0.5 billion in non-consolidated investments.) The deal reduces net debt by more than half (excluding Gas Natural Fenosa) to 2.2 billion euros.