Posts Tagged ‘investment’

Canaries take flight

Canaries take flight

The Canary Islands are doing it for themselves as they embark upon a project to generate an investment base to cultivate the islands’ technological talent. This is being undertaken by five companies which have come together to create a technological risk capital fund. By nurturing promising start-ups through this, it is hoped the Canary Islands can make a major mark within the industry. The five companies are Dinosol (HD), Domingo…

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Mega car park deal goes through

Mega car park deal goes through

Criteria Caixa has increased its stake in car park giant Saba Infraestructuras to 99 per cent after agreeing a deal to buy an extra 49 per cent of the company to add to its existing holding. Founded in 1966, Saba Infraestructuras has a staff of more than 1,500 people and is active in five countries in Europe and Latin America. Altogether, it has 210,000 actual car parking spaces spread across…

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Amplifon hears everything

Amplifon hears everything

Italian hearing solutions company Amplifon has acquired 100 per cent of Catalan company Gaes for 528 million euros. Amplifon is a global leader for hearing care in the retail sector with more than 14,000 employees and over 10,000 points of sale in 21 countries across five continents. For its part, the Spanish company has a staff of 1,800 employees and 600 points of sale located in Spain, Portugal, Andorra, Argentina,…

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Madrid: a lightening rod for foreign investment

Madrid: a lightening rod for foreign investment

Madrid emerged as the leader for foreign investment in Spain last year, bringing in 14,520 euros, the greatest amount since 2011. That figure also represents 61.1 % of the total of this type of investment. The fourth quarter of the year saw an even greater proportion going to Madrid as 80.7 % of the total investment in Spain found its way to the capital. The figures come from data published…

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Record levels for foreign investment in Spain

Record levels for foreign investment in Spain

This is according to data from the Foreign Investment Registry (RIE) of the State Secretariat of Commerce, as the total of foreign investment in Spain surpassed 36,000 million euros to reach 36,122 million. Seventy per cent of the investment came from the European Union and can be broken down further by country. Leading the way was Luxembourg with around 21 % of the total. Germany and the UK followed with…

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Raising the glass for wine production

Raising the glass for wine production

The Spanish government has approved the application for a support programme for the wine sector of more than 1,000 million euros. Among other benefits, this will assist the restructuring and conversion of vineyards. Within this programme, interested member states must present a five-year support plan containing some of the measures the funds will be used for. With more than 950,000 hectares, Spain has the largest area of ​​vineyards in the…

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Record figures for venture capital

Record figures for venture capital

Venture capital has had a great year in Spain which could see it hit record figures at a time when almost all major international funds have their investment focus placed in the country. As of September 30, 13 investments in Spain exceeded 100 million with many large international funds having bought Spanish companies. This is being seen at a time when liquidity and easy credit have been driving activity in…

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Madrid’s land goes up for grabs

Madrid’s land goes up for grabs

Madrid is planning on making its surplus land available for industrial use at reduced rates to attract more business to the city. There are currently 11,455,951 square meters of industrial land available, of which 348,658 square meters belongs to the City Council. As of now they are sitting unused. The team of the mayor, Manuela Carmena, has decided to change that situation and offer it to companies, both through sale,…

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The south comes together to innovate and celebrate

The south comes together to innovate and celebrate

The South Summit Innovation Is Now conference is all set for Madrid from October 4 to October 6. Born out of Spain Startup, the conference, which was founded in 2012 deep in the economic crisis, was a joint initiative with IE Business School with the belief that entrepreneurs were going to be the driving force to kickstart the economy. Two years later the scope increased as the organisers sought talent…

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A new industrial revolution?

A new industrial revolution?

Madrid is set to invest two million euros in promoting ‘Industry 4.0’ in small and medium sized enterprises – SMEs. This is a further boost for Madrid with The Community of Madrid recently having helped finance the office of Invest In Madrid to the tune of €1.35 million. It also comes in the wake of claims that Madrid could become a new financial hub of Europe should the UK’s position…

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