Fitch ratings for the transport infrastructure sector was mostly Stable Outlook. (Photo : Reuters)The image shows a building of Fitch Ratings, a global rating agency.
Tags: Spain
Spanish unemployment rate declines after two year upsurge
Spanish unemployment rate drops 0.9% for second quarter and signals beginning of recession recovery.
Spain's unemployment rate falls, the first time in two years
For the first time since 2011, the Spanish unemployment rate fell. Spain's unemployment rate dropped for the first time in two years. From a high of 27.
Insurers face huge bills for Spain train crash
Insurance companies would deal with major payouts due to Spain train crash. Allianz, an insurance company from Germany, would deal with a huge bill for compensation payments after the deadly train crash that happened in Spain.
Spain spends Eur100 per year for track maintenance
Investigations were now being held to understand the cause of Spain train crash that killed 78 people.
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On Wednesday, Repsol’s board of directors announced that it has rejected a noncash offer from YPF valued at US$5 billion.
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
Ibercaja has finalized an agreement to purchase Caja 3. Ibercaja, the mid sized Spanish financial institution, said on Thursday that it has settled an agreement to buy out Caja 3, a smaller Spanish bank.
Spain is planning to sell 15 year syndicated debt in light of the low yields of previous issues. Spain, in a bid to increase its liquidity, is planning to issue a 15 year bond sale through chosen banks this year.
Alpine to discuss with its mother firm FCC as to financial options in the future. The Austrian division of Spanish construction group FCC, Alpine will host discussions with the company owners regarding how to fulfill its financial requirements and other possible options, according to Arnold Schiefer, Chief Executive Officer of Alpine.
KKR,because of the dearth of bank loans in Spain, loans money to Uralita. The asset management division of Kohleberg Kravis Roberts & Co LP granted a Eur320 million or US$419 million to Spain's Uralita SA.
Banco Sabadell purchases Lloyd's Spanish retail and private banking operations. A GBP 250 million loss was taken by Lloyds on its sale of its loss making investment in Spanish banking to Banco Sabadell.
William Hill Buys out Playtech for online betting business. For the price of GBP424 million or US$643 million, William Hill is taking full control of its online business.
Three major banks interested in purchasing Catalunya Banc Three Spanish banks have placed bids on Spanish lending giant Catalunya Banc. The nationalized lender is being sold and the non-binding bids were submitted by Santander, Sabadell and Popular.
