Meliá Hotels to build, operate five Innside in Chile
MADRID | The Innside hotels respond to increasing demand from discerning and sophisticated city travellers prompted by the country’s economic growth.
Companies
US minority shareholders invest €1,5 billion in Repsol
MADRID | By Julia Pastor | Repsol’s sites in the United States will receive 30% of almost €3 billion total investment, followed by Brazil, which will be assigned 21%.
Santander Asset Management joined by Warburg Pincus, General Atlantic to expand
MADRID | Santander Asset Management will compete with the leading international asset managers and expects to double its business volume in five years. It will also play an active role in the industry’s consolidation.
FCC consortium favourite for the British €700-million Mersey contract
LONDON | FCC’s Merseylink will win a 30-year contract to design, build, finance and operate a new toll bridge over the River Mersey between Runcorn and Widnes.
Will the Kirchner government listen to Repsol about Vaca Muerta?
MADRID | via valenciaplaza.com | Although there have been no agreement in previous occasions, Argentinian commentators describe Fainé as more ‘open-minded’ than Repsol’s president Antoni Brufau, who would favour legal action against the Kirchner government.
Tecnicas Reunidas awarded Turkish Aliaga’s $1 billion contract
MADRID | The value of the contract for TR will be above 1,100 million US dollars and will have an execution period of 49 months until the commissioning of all the units.
Chinese regulator approves Santander acquisition of 20% stake in Bank of Beijing Consumer Finance
MADRID | Santander will invest €38 million to acquire a 20% stake in Bank of Beijing Consumer Finance Co., becoming its second largest shareholder.
Repsol recorded higher net income in first quarter of 2013
MADRID | Net income during the first quarter of 2013 rose 1.6% to 631 million euros. These earnings, at current cost of supply, are especially significant as the year-earlier quarter included earnings from YPF.
Brazil, LatAm key for Telefonica’s net profit surge in first three months
MADRID | Telefónica invested 1,941 million euros in the first quarter of the year, including the acquisition of spectrum in the United Kingdom and Uruguay. 82% of the total investment was in growth areas, specifically 3G, 4G and fibre networks.
Grifols sees net profit jump of 34.8%
BARCELONA | 16.8% of sales generated in Latin America, Asia-Pacific and R.O.W., the USA and Canada account for 60.0% of sales and Europe represents 21.8%. 8% of sales generated in Spain.