Posts Tagged ‘Santander’

Increase in M&A Expected in Spain

Increase in M&A Expected in Spain

Spanish companies are expected to be hot on the acquisition trail over the next 12 months, as confidence in the economic recovery continues to increase, according to consultancy firm EY. Around 50 percent of the firms participating in the survey hope to be actively involved in M&A deals within the next year, says the EY Capital Confidence Barometer. And one in every four companies is evaluating at least five possible transactions within that timeframe, with emerging markets like China, India and Brazil on their radar as well as Spain.

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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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Banco Sabadell Buys British Bank TSB

Banco Sabadell Buys British Bank TSB

Spain’s banking sector is now in recovery mode after undergoing an in-depth restructuring to streamline the number of lenders, clean up their balance sheets and boost their capital base. And what better proof of the sector’s strength than Catalonia-based Banco Sabadell’s recent takeover of Britain’s Trustee Savings Bank (TSB).

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S&P Upbeat on Spanish Banks

S&P Upbeat on Spanish Banks

Spanish banks are on course to consolidate in 2015 the improvement in earnings seen last year, according to Standard and Poor (S&P). As the country continues its economic recovery, lenders’ bad debts will decline and profitability will improve, the ratings agency said in a report published in February. S&P expects the banks to post recurrent prextax profit of about 14 billion euros in 2015, up 25-30 percent from a year earlier.

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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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Spanish Banks’ Bad Loans Fall as Credit Rises

Spanish Banks’ Bad Loans Fall as Credit Rises

Over the last few months, Spanish banks have been showing that the economic recovery is slowly but surely filtering through to their balance sheets.

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Spain M&A Boosted by Growing Optimism

Spain M&A Boosted by Growing Optimism

Spain has been a hub of M&A activity over the last 12 months and the outlook for 2015 is rosy as the economy continues to improve. Renewed foreign investor interest in Spanish assets, combined with local companies’ expansion ambitions at home, have helped fuel an increase in acquisitions across a range of sectors.

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Spain’s Santander’s capital hike gets ratings agencies’ backing

Spain’s Santander’s capital hike gets ratings agencies’ backing

Spain’s biggest bank Santander took the market by surprise last month with a 7.5 billion euro capital hike and a dividend cut, which the lender’s new chief Ana Botin said was to help fund the group’s expansion. The eurozone’s biggest bank by market value sold 1.2 billion shares at 6.18 euros each overnight on January 8, at the bottom of the indicated price range for the share placement and at a 10 percent discount to Santander’s last closing price.

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China’s Wealthiest Man Eyes Madrid Skyscraper

China’s Wealthiest Man Eyes Madrid Skyscraper

Spain’s real estate sector could receive a shot in the arm if reports are confirmed that Chinese billionaire Wang Jianlin is hoping to aquire the Madrid tower block Edificio Espana.

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Top Spanish Companies Back Research and Development

Top Spanish Companies Back Research and Development

Research and development (R&D) is vital for any firm aiming to reach the top and stay there. A company’s reputation for innovation is a big attraction for any potential investor. R&D investment has always been a priority for Spanish telecommunications giant Telefonica and leading bank Santander, as well as other Spanish firms like Indra Sistemas and Grifols.

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