Companies


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T-Solar Group to invest $145 million in projects in Peru

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…



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French Augure buys Spain’s iMente Global

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…


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OHL awarded in Russia its largest construction project ever for €1,95bn

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…


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La Caixa, first in Europe to commercially roll out a mobile real payment system

LONDON | La Caixa’s NFC mobile payments system, the first in Europe to have a large-scale roll out with real users, gained the entity the Banking Technology prize in London, which recognises the best international mobile banking initiative. La Caixa currently has the most extensive mobile payment infrastructure in Europe, covering the entirety of the Balearic Islands and parts of Catalonia. The bank has pioneered the commercial use of mobile payments with…


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Spanish construction firms may replicate in India the Meca-Medina HSR deal

As published on Monday in the Spanish business press, India is planning a 1,800 km high-speed line to alleviate its saturated freight train network, as well as to strengthen the country’s industrial development. The Spanish construction companies OHL, ACS, San José, Isolux, Sacyr, Aldesa and Assignia have all signed several alliances in India in order to bid on this contract. “The Spanish engineering and construction sectors are seeking to replicate in…



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Adform opens shop in Spain after Italian job pays off

Defying the financial storm over the Club Med, Danish medium-sized online company Adform has now opened a branch in Spain. After it began serving the Italian market less than 10 months ago, Adform says it has experienced substantial growth or strong enough as to drive the firm to Southern Europe. Adform delivers campaigns for over 2,750 clients across 4,925 global web publishers in more than 25 countries worldwide. The company attributes its…


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Good marks for BBVA’s €3.5-billion swap

The financial City of Madrid expects BBVA to close the bank’s gap in core capital required by Basel III, after the group’s board approved this week an offer of mandatory convertible bonds in exchange for €3.475 billion in preferred shares. Customers who hold the preferred shares distributed by BBVA in Spain will have the opportunity to exchange these at 100% of their nominal value for mandatory convertible bonds. The new bond, with…