HNA-HN deal crashes
Companies
French Augure buys Spain’s iMente Global
Augure announced on Tuesday the acquisition of iMente Global, a company based in Girona (Catalonia). iMente provides online news, blogs and social media monitoring services for organisations of all sizes to analyse and share all the information and social mentions relevant to their brands, products, industry and competitors. Augure will integrate iMente’s listening capabilities to propose the first cross-channel PR and Reputation Management platform. This unified cloud-based solution will offer…
OHL awarded in Russia its largest construction project ever for €1,95bn
The Spanish construction company has announced the signing in Russia of the Polar Ural project, the biggest contract in the company’s history. The contract between the Russian company Yamal Railway and OHL ŽS, OHL’s Czech subsidiary, was confirmed on December 9 in Prague during Russian president Dmitrij Medvedev’s visit to the Czech Republic. The OHL group through its Czech subsidiary OHL ŽS will carry out the construction of a 390-km long railway…
La Caixa, first in Europe to commercially roll out a mobile real payment system
LONDON | La Caixa’s NFC mobile payments system, the first in Europe to have a large-scale roll out with real users, gained the entity the Banking Technology prize in London, which recognises the best international mobile banking initiative. La Caixa currently has the most extensive mobile payment infrastructure in Europe, covering the entirety of the Balearic Islands and parts of Catalonia. The bank has pioneered the commercial use of mobile payments with…
Spanish construction firms may replicate in India the Meca-Medina HSR deal
As published on Monday in the Spanish business press, India is planning a 1,800 km high-speed line to alleviate its saturated freight train network, as well as to strengthen the country’s industrial development. The Spanish construction companies OHL, ACS, San José, Isolux, Sacyr, Aldesa and Assignia have all signed several alliances in India in order to bid on this contract. “The Spanish engineering and construction sectors are seeking to replicate in…
Spain’s OHL lands in Australia
Adform opens shop in Spain after Italian job pays off
Defying the financial storm over the Club Med, Danish medium-sized online company Adform has now opened a branch in Spain. After it began serving the Italian market less than 10 months ago, Adform says it has experienced substantial growth or strong enough as to drive the firm to Southern Europe. Adform delivers campaigns for over 2,750 clients across 4,925 global web publishers in more than 25 countries worldwide. The company attributes its…
Good marks for BBVA’s €3.5-billion swap
The financial City of Madrid expects BBVA to close the bank’s gap in core capital required by Basel III, after the group’s board approved this week an offer of mandatory convertible bonds in exchange for €3.475 billion in preferred shares. Customers who hold the preferred shares distributed by BBVA in Spain will have the opportunity to exchange these at 100% of their nominal value for mandatory convertible bonds. The new bond, with…
Nokia Siemens Networks’ 17,000-job cut plan looms over workforce in Europe
Nokia Siemens Networks plans to reduce its workforce by 17,000 during the next two years. The firm, whose headquarters are based in Finland, did not provide further details, although according to the company’s financial report, net sales have suffered a fall since 2009 in the US, and the UK and Spain in Europe. While the US only represents 5pc of its global market, Europe accounts for a much larger 34%. Rajeev…
Ferrovial Agroman’s backlog in the UK, Ireland exceeds €1bn with Farrington deal
