privatisation

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Will Correos follow Deutsche Post’s privatisation model?

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,…


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Spain’s €30-billion privatisation plan to affect AIG, Renfe among others

The Spanish government estimates it may take in up to €30 billion through an “ambitious” privatisation plan which will be passed before summer, reported news agency Europa Press on Monday. This new government plan, which completes the reforms that have already been approved as well as other further measures (the single market, or the entrepreneurship law) will affect all the ministries and enable private initiatives to enter in a large number…


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UK roads’ privatisation would attract bids from Spanish companies

LONDON/MADRID | Financial analysts in Madrid agreed in their notes to investors on Tuesday that the UK Coalition government’s intention of privatising part of the road network of the country is a subject of major interest for Spanish infrastructure and construction companies. Banesto Bolsa experts described the decision as a clear ‘opportunity’ for Spanish firms, some of which already have a vast presence in the British transport services sector, namely…


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Bidders welcome Madrid’s push for privatisation of water services

MADRID | Privatisation of Canal de Isabel II, the company that manages water services in the autonomous region of Madrid, attracted this week one more potential investor. Insurance firm Mutua Madrileña has expressed its intention to officially bid for the water company. The insurer, chaired by Ignacio Garralda, has confided in Mediobanca to advise on the operation. Esperanza Aguirre, president of the Community of Madrid, and the Spanish capital’s mayor Ana Botella have…


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Bom negócio… Spain’s OHL and Ferrovial to bid for Brazil airports

MADRID | EP | Brazil is getting ready to host some of the greatest sport events in the world: the Football World Championship in 2014 and the Olympic Games in 2016. The modernisation of its airports for affairs of such extent means a very important investment effort for the country, so the president Dilma Rousseff has decided to privatise them. The Spanish construction companies have begun to take positions in…