MADRID | A total 63.64% of Repsol shareholders opted to be paid the final dividend from 2011 earnings in shares, the Spanish company reported Friday. This is the first time that Repsol has opted for a flexible dividend which allowed shareholders to choose between newly-issued shares or a cash dividend through the sale to the company of free allocation rights. These results reflect shareholder’s interest in the company’s
LONDON | Spain's giant Santander must be doing something right. Santander was named best global bank while Deutsche Bank was awarded the title of best global investment bank at Euromoney’s Awards for Excellence ceremony in London last night. The best global bank award was collected personally by Santander’s chairman, Emilio Botín, a gesture that probably intended to demonstrate his UK shareholders and clients that the British branch have a top place…
BBVA’s representative office in Taipei, set up in 2006, is now a full branch. The entity is now the first Spanish bank to open a branch in Taiwan and the first European bank to open one since the financial crisis began. BBVA began building its Asian franchise over 30 years ago and now has operations in the continent’s main financial centers. The Taipei branch will be added to the group’s…
MADRID | Spain's Zinkia Entertainment signed a strategic agreement with the Mexican company Tycoon, by which it becomes the licensee agent of the Pocoyo brand for Central America, Colombia, Venezuela, Ecuador and Peru. The two companies have collaborated since 2008, when they set an accord on the distribution contract for the first season of the DVD series of Pocoyo in Central America. The latest deal also includes an extensive list of products based…
BEIJING | The launch of the new Ipad in China seems to be nearer now that Apple managed to get rid of the biggest barrier it was facing: the legal dispute with the Chinese company Proview. It seems Apple underestimated the fact that they were targeting a strategic market with a product named after a trademark that already existed in the country. For Proview, Ipad was just a name. But for…
European consortium Airbus said it will establish a manufacturing facility in the United States for assembly and delivery of A320 aircrafts. Located at the Brookley Aeroplex in Mobile, Alabama, it will be the company’s first US-based production facility. The Alabama complex will also assemble A319 and A321 aircrafts. According to Airbus' schedule, the site construction will begin in mid 2013 and it is planned to start production in 2015, with…
MADRID | Telefónica reported Monday to the Spanish financial regulator CNMV about the final completion of the merger process of Telefónica Móviles Colombia and Colombia Telecomunicaciones. The joint society will be owned by the Spanish company, which retains a 70 percent participation, and the Colombian State, with the remaining 30 percent. Telefónica explained that at the end of the second quarter of this year, this deal would cut its consolidated…
MADRID | Trenitalia, the transport division of the Italian FS Group, and travel technology firm Amadeus, which is a transaction processor for the global travel and tourism industry, announced this week their partnership. Trenitalia will distribute its content through all Amadeus channels. In Thursday's investor notes, financial analysts in Madrid welcomed the business agreement as good news for the Spanish company. Amadeus' bet is that high speed train will be…
By Sergio Sáiz | www.expansion.com | SEPI, the State organisation that holds public stakes in Spanish companies, could obtain between €700 million and €2.5 billion with the privatisation of the national postal group Correos. It will depend on the formula used to sell it. The case of Deutsche Post could be a model to imitate. Correos has a staff of around 62,000 people. This point, which could be an engine for employment in Spain,…
LONDON | Ayrshire hotel and resort Seamill Hydro in Scotland will on Thursday be unveiling its new hospitality services after having secured capital support from Santander Corporate Banking. The refurbishment of the restaurant is part of the hotel's wider regeneration programme, backed by a new £3 million refinancing agreement with Santander Corporate Banking. The hotel has been owned and operated as a partnership by two generations of the Sweeney family since 1985….