“The M&A Market Is Very Active In Spain, There’s A Lot Of Available Cash, But A Lack Of Good Deals”
The M&A market in Spain has been very active over the last two years. There is a lot of cash around, but what is lacking are some good deals.
Spain
Spain Has The Largest Number Of SMEs Chosen To Receive European Funding For Innovation
Spain is the country with the most SMEs chosen by the European Innovation Council, the European Commission’s financial and technical support tool, to receive up to 40 million euros in funding with the aim of supporting business growth via the development of innovative projects.
Spain And Italy Will Dominate Net Interest Income Growth in 2019
Morgan Stanley believes Spain and Italy are going to dominate Net Interest Income growth in 2019. They flag that Unicaja, Bankinter and Caixabank are amongst the banks which improve their ROTE more with every 50 bp rise in the Euribor. Furthermore, they have very efficient cost structures.
Ferrovial’s Services Division Also Breaks Into US Market Thanks To Broadspectrum
Ferrovial has succeeded breaking into the US market with its services division as well, thanks to the business Broadspectrum has brought it in that country. It bought Broadspectrum two years ago in Australia.
“We Are Not Going To Lose Money With The Train Mecca-Medina, But Won’t Make As Much As Estimated”
Julián García Valverde founded Imathia and Consultrans, engineering, consultancy and construction companies. They form part of the consortium of 12 Spanish firms which won the contract for Mecca-Medina AVE high-speed train line. On December 31, it crossed for the first time the 453 kms that separate both cities at 300 km/hour in some parts.
Spain: Leader In Fibre Optic To Homes In Europe With 1.6 Million Subscribers In One Year
Spain is the European country with the highest fibre to the home (FTTH) penetration rate in Europe, with 33.9%, after clocking up around 1.61 million new subscrbers between September 2016 and September 2017,
“There Is A Need For Board Members Accustomed To Questioning Strategic Plans”
“Having board members who have experience of different environments, geographical or business, help the board to function better. On the boards in Spain where I am a member there is this international presence and there are members of different nationalities. But on a board of directors more importance shoud be placed on expertise than on nationality.”
IMF Underestimates Spain Economy’s Positive Inertia
What was a surprise in the IMF’s updated growth estimates was the correction made to the growth forecast for Spain this year (-0.1 pp to 2.4%) given “the impact of greater political uncertainty on confidence and demand.”
Spain stock market trades €651.466 million in equities in 2017
Bolsas y Mercados (BME) has published a report giving details of stock market trading activity in December, as well as a figure for 2017 as a whole. Some €651.466 million were traded in equities during last year, in line with the amount negotiated in 2016.
“The World Has Changed So Much That Now It Doesn’t Matter Where You Are”
Probably the fact they came from Euskadi and were based there is what saved the former Basque cajas (savings banks) from the worst vices which destroyed hundreds of lenders throughout Spain, according to Xabier Sagredo, executive chairman of BBK.