In Spain

Gas Natural becomes Naturgy

The Government does not want the Arab fund TAQA to take over 100% of Naturgy

TAQA, the Abu Dhabi giant, has confirmed to the Comisión Nacional del Mercado de Valores (CNMV) that it is in talks with CriteriaCaixa for a possible shareholders’ agreement to control Naturgy. The CNMV suspended trading early yesterday morning until the extent of the movements that were taking place on the energy company was known. The suspension was lifted at 11.30 am once the emirate’s group confirmed that it is in…

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Chery

Chery to become first Chinese carmaker to manufacture cars in Spain

Chery will become the first Chinese carmaker to manufacture cars in Spain. It plans to manufacture both combustion and electric vehicles in Spain, as well as those with some form of hybridisation. The Asian carmaker has just signed an agreement with EV Motors, which is seeking to reindustrialise the former Nissan Barcelona, for Chery to manufacture vehicles entirely in the Zona Franca of Barcelona and thus occupy the site left…