Posts Tagged ‘EUROPE’

Fujitsu Invests in Madrid Data Laboratory

Fujitsu Invests in Madrid Data Laboratory

Fujitsu recently inaugurated a data laboratory in Spain, a move which clearly indicates the multinational’s confidence in the country’s innovation capabilities. With an initial investment of some 5 million euros, the Madrid-based data centre will support business agility for Fujitsu’s customers world-wide. Apart from its Fujitsu Laboratories subsidiary in London, the company has data labs in Japan, China and the US.

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Basf to Expand Investment in Tarragona

Basf to Expand Investment in Tarragona

With the Spanish economy continuing to expand at a faster rate than its European neighbours, there was further good news on the foreign investment side for Spain. Basf, the largest chemical producer in the world, has announced that it is planning to invest 21 million euros with the opening of a new line at their agrochemical plant in Tarragona, in the country’s Cataluña region. Currently the plant is the largest…

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AXA Completes Buy of Santander Assets

AXA Completes Buy of Santander Assets

Axa Real Estate has given a vote of confidence to Spain’s recovering property market with the acquisition of 381 branch offices from the country’s biggest bank Santander. Axa Real Estate, the largest real estate portfolio and asset manager in Europe, brokered the 308 million euros deal on behalf of a joint venture involving two of its institutional clients. Most of the offices are located in major cities like Madrid, Barcelona and Malaga, but there are also some in prime locations in smaller towns across Spain.

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Banca March Strengthens Growth Prospects

Banca March Strengthens Growth Prospects

Spanish private bank Banca March continues to outperform its competitors thanks to its strict risk control policy, exclusive products and value creation for clients. The unlisted lender emerged as the most solvent bank in Europe in two stress tests carried out by the European Banking Authority in 2011 and 2012. And this solvency, coupled with its excellent reputation, has allowed it to grow organically over the past few years while its peers have been on the acquisition trail.

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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Nestle Hikes Capacity at Spain Coffee Plant

Nestle Hikes Capacity at Spain Coffee Plant

Nestle has recently become the latest international firm to bet on Spain as an investment hotspot! In March it announced a 102 million euros investment in a new coffee production facility at its plant in Girona, north east Spain. The project is expected to create around 300 jobs in the construction phase and an additional 40 at the plant when it is fully operative at end-2017.

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Madrid’s Canalejas Project Boosts Economy

Madrid’s Canalejas Project Boosts Economy

A major makeover is underway in the centre of Madrid which will boost the economy and create a substantial number of jobs! The so-called Canalejas project – referring to the emblematic Canalejas square at the heart of the new urban development – is spearheaded by Spanish businessman Juan Miguel Villar Mir, chairman of builder OHL and its private conglomerate parent Grupo Villar Mir. It already has attracted a slew of investors, both domestic and overseas, including top hotel group Four Seasons. The Canadian chain will open its first hotel in Spain, a luxury 215-room establishment.

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France’s Ardian Mulls Opening Madrid Office

France’s Ardian Mulls Opening Madrid Office

Independent French private equity (PE) firm Ardian is reported to be considering opening an office in Madrid, in a move which demonstrates Spain’s increasing importance as a hub for international investment. Ardian, formerly Axa Private Equity, already has a range of investments in Spain, including a 15 percent stake in energy company CLH.

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Ford to Boost Capacity at Valencia Plant

Ford to Boost Capacity at Valencia Plant

Ford Motor Company plans to boost output at its Valencia plant by 40 percent in 2015, thanks to the final part of a 2.3 billion euros expansion of its operations in Spain. The US car manufacturer is aiming to churn out about 400,000 vehicles at its Almusaffes plant this year, in what has been touted as the biggest ever investment in the Spanish automobile industry.

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Lidl To Open Logistics Centre in Madrid

Lidl To Open Logistics Centre in Madrid

There was some welcome good news for the Madrid region last month, both on the employment front and in terms of foreign investor interest!
German discount supermarket chain Lidl said it will earmark 70 million euros for a new logistics centre in Alcala de Henares, on the outskirts of the Spanish capital. This will be Lidl’s largest logistics platform in Europe and the construction work and commissioning of this distribution centre will create 100 jobs.

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