Repsol YPF has reached an agreement with Totalgaz, a subsidiary of Total for the sale of its liquefied petroleum gas business (LPG) in France, reported sources close to the transaction to Europa Press. The oil company, chaired by Antonio Brufau, has carried out this sale as part of its strategy of divesting from ‘downstream’ non-integrated assets with which it has already generated more than $1.2 billion (€945 million) in five…
LONDON | Electronic Payment Exchange (EPX) is strengthening its European operation by becoming a direct merchant acquirer in the European Union with initial movement into the United Kingdom. EPX will begin offering its payment services directly to EU merchants starting in the first quarter of 2012. EPX, a full-service payment processor providing combined tokenization and end-to-end encryption payment solutions to multi-national merchants, has provided payment processing services in the EU region for merchants…
MADRID | Spanish construction company Fomento de Construcciones y Contratas SA (FCC) seeks the strengthening of its financial structure through two real estate divestments and the move to a new headquarters. This week, Pontegadea Inmobiliaria has acquired Torre Picasso to the founder of the Zara boutique chain for €400m; in another transaction, FCC has sold its Balmes (Barcelona) and Federico Salmón (Madrid) buildings for €60m. The process of restructuring the…
Spanish T-Solar Group, a major operator in the solar photovoltaic power generation market, has signed three loan agreements for a total of $145mn to finance two photovoltaic power plants with an aggregate capacity of 44 MW in Peru. The two plants will be the first large-scale solar photovoltaic energy projects in Latin America. 113,600 thin-film amorphous hydrogenated-silicon modules produced by T-Solar’s Ourense (Spain) factory will be deployed over 206 hectares…
Augure announced on Tuesday the acquisition of iMente Global, a company based in Girona (Catalonia). iMente provides online news, blogs and social media monitoring services for organisations of all sizes to analyse and share all the information and social mentions relevant to their brands, products, industry and competitors. Augure will integrate iMente’s listening capabilities to propose the first cross-channel PR and Reputation Management platform. This unified cloud-based solution will offer…
The Spanish construction company has announced the signing in Russia of the Polar Ural project, the biggest contract in the company’s history. The contract between the Russian company Yamal Railway and OHL ŽS, OHL’s Czech subsidiary, was confirmed on December 9 in Prague during Russian president Dmitrij Medvedev’s visit to the Czech Republic. The OHL group through its Czech subsidiary OHL ŽS will carry out the construction of a 390-km long railway…