Top Stories

Companies

No Picture

Companies 18th January 2012

Building Thames Estuary airport “will waste precious time,” says Ferrovial’s BAA

LONDON | The British prime minister David Cameron on Wednesday unilaterally gave his go-ahead to a closer study of the Thames Estuary airport proposal, among other options on expanding UK's travel and trade links with non-European markets. Downing Street explained that plans for a second runway at Stansted and any expansion of Gatwick before 2019 remained ruled out, as it is a third runaway for Heathrow airport. The Thames scheme…

No Picture

Companies 17th January 2012

IAG –TAP: a purchase is in the air

Portugal has taken its commitment to Europe very seriously, the rescue programme representing €78bn. So after the selling of the state-owned companies EdP and REN to the Chinese companies Three Gorges and State Grid, it is the turn of the Portuguese flag carrier TAP. All the signs are that, if no unexpected events meddle the deal, the next TPA’s owner will be the British-Spanish airline IAG. According to the digital…

No Picture

Companies 17th January 2012

AEW Europe merges its logistics funds, ready to reap austerity era

AEW Europe has announced the merger of its three existing logistics funds, creating a €1bn pan-European logistics platform. The new Logistics Fund will own one of the largest logistics investment portfolios in Europe. The logistics market has been undergoing structural change and consolidation in recent years as logistics providers seek to increase market share and geographical coverage. Third party logistics providers and retailers are increasingly seeking to work with fewer partners…

No Picture

Companies 16th January 2012

Repsol sells its French LPG business to Totalgaz

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…

No Picture

Companies 13th January 2012

Electronic Payment Exchange becomes a direct merchant acquirer in the EU

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…

No Picture

Companies 3rd January 2012

Zara founder buys skyscraper Torre Picasso for €400m

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…

No Picture

Companies 23rd December 2011

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…