Current week the Thai Minor International, parent of Minor Hotels, presented to Spanish stock market regulator CNMV its application for authorization of a 100% takeover bid for NH Hotels with the same terms and conditions of the previous announcement of the bid published in the CNMV 11 June.
Santander has put on sale a portfolio, known as Apple, of €6 Bn of housing assets, and hopes to close the agreement on their transfer this month. Last summer, just after acquiring Banco Popular, Santander agreed to sell to Blackstone €30 Bn worth of housing assets originating in Popular.
Ignacio de la Torre and Leopoldo Torralba (Arcano Partners) | Regarding Bitcoin, we are reaching a point where there is great confusion between the price and the value. If I buy a Bitcoin at $6,000 I would expect a higher value that justifies the greater risk that comes with it (it is extremely volatile, over 60%; while the volatility of currencies like the euro or dollar are less than 3%).
José Benito de Vega | Since the beginning of 2017 Siemens Gamesa (SGRE) shares have performed poorly, falling -20% compared to -1% for the Ibex 35. This is even clearer compared to the maximums of May 2017 since when they have fallen -40% (-11% Ibex 35).
Blackrock, the largest fund manager in the world, has raised its holding in the electricity company to 5.008% from the 4.998% it held, and remains the second largest shareholder behind the sovereign wealth fund Qatar Investment Authority (QIA).
Parques Reunidos buys “Wet n Wild” water park in Australia for 25 million euros, plus variable compensation depending on income. The operation makes sense to drive the internationalization of the company, currently present in Europe, the US, Asia and the Middle East.
In its strategic plan for 2018/2020, presented last February, Sabadell set the objective of reducing its exposure to problematic assets to below 9 billion euros. In the end the bank will exceed this target.
Bankinter analysts believe the markets are undervaluing the European Financial Sector. Expect average BPA for the sector as a whole to exceed 10% in 2018.
Recently renamed Naturgy, Gas Natural has presented its Strategic Plan 2018-2022 to analysts in London. In this new stage, the company will carry out radical changes in its share holding and leadership.
Telefonica has secured the rights to show the Champions League and the Europe League. It has acquired the rights of Mediapro for the next three seasons (2018/2021) for 1.08 billion euros.