MADRID | Troubled entity Bankia became Friday the first Spanish bank to auction properties from development companies, besides real estate assets from its own portfolio. Discounts were up to 60%.
The consortium headed by Ferrovial through subsidiary Ferrovial Agroman, in conjunction with American Infrastructure, has been chosen to design, build and finance the new US Route 460 highway in the state of Virginia. Construction is expected to start in 2014 and the new infrastructure will open to traffic in 2018.
There has been a change in the pattern of growth generated abroad, now supported by operations in non-EU countries. This is a direct consequence of the weakness of most European economies.
Spain’s Inditex has opened the first Massimo Dutti store in the US, which also is the largest of that brand–it has 600 worldwide. It was launched online, too.
Helsinki City Transport announced Wednesday it is acquiring new trains for its West Metro under a €140.4 million contract with CAF. The accord includes an option to extend the deal to the East Metro, too.
The company has developed two telemetry, tracking and command stations and 10 data up-link station. Analysts expect operational profitability to reach 10% by 2015.
US Sprint clients can now expect some innovations cellphone users in Japan and South Korean have enjoyed for some years, already. After its acquisition by Japan’s Softbank, they might be able to pay their subway trips with their iPhone.
Cumulative worldwide sales of Honda hybrid vehicles reached one million units.
The operator groups Telefónica and Telenor, which have a combined reach of more than 400 million customers, have banded together in an attempt to seize control of mobile app payments.
Passenger and cargo traffic at Heathrow rose in September. BAA, owned by a Ferrovial-led consortium, took the opportunity to remind the British government of the strategic importance of strengthening London’s largest airport.