SSE completes €308 million acquisition of Endesa’s Irish subsidiary
Spain’s Endesa has sold 100% of its business in Ireland to Scottish and Southern Energy. The operation represents an expansion in market share of 12% for SSE.
Companies
Telefónica joins Lisbon Council to launch StartUp Europe
The collaborative project aims at halting current “brain drain,” which is “crucial to Europe’s future leadership in technology and innovation,” Telefónica said.
US business to business default rate 2.6% higher than in Europe
The Atradius Barometer, a survey of B2B suppliers of products and services in North America found that, on average, 5.3% of the value of receivables is written off as uncollectable. This compared to 4.0% one year earlier.
Agroman grabs new €30 million highway contract in Puerto Rico
Through subsidiary Ferrovial Agroman, Ferrovial is to build a section of Highway PR-9 in the municipality of Ponce, the second-largest city in Puerto Rico.
Spain’s Amadeus broadens IT service in Germany, Austria, Switzerland
MADRID | More airlines are expanding their selling extra services added to travel tickets, with almost twice more companies now using IT solutions to increase offers than five years ago.
Ferrovial joins consortium awarded Belfast-Larne €127m road contract
MADRID | Ferrovial Agroman, a construction subsidiary of Ferrovial, has already built 175 km of toll roads in the Irish island. In Northern Ireland, it has completed the region’s largest motorway project, the DBFO2.
DIA expands with €70.5mn acquisition of Schlecker in Spain, Portugal
Spanish DIA, a low-cost food distributor, expands into household and personal care market in Spain and Portugal, where the company sees growth prospects in spite of current economic environment.
Santander’s Botín hints more subsidiaries to be listed after €2.8bn Mexican offering
MADRID | Chairman of Spanish Grupo Santander Emilio Botín said the bank plans significant subsidiaries to become autonomous in liquidity and capital, and the group’s strategy was to have them listed.
Iberdrola sets its largest renewable energy project in the UK
LONDON/MADRID | Spain’s Iberdrola has engaged in the largest wind energy project in its history. Together with Swedish Vattenfall, the companies will build the East Anglia wind farm. It will have the potential to power 5 million homes.
Augmented Reality meets big corporate with Telefónica-Aurasma deal
MADRID | Studies on Augmented Reality forecast that this market will reach a value of $600 billion in the next four years. Telefónica plans to tap it through a partnership with specialised provider Aurasma.