-
3 days ago | 
bloomberg.com | Macarena Munoz |Kriti Gupta |Guy Johnson
(Bloomberg) -- Spain’s Economy Minister Carlos Cuerpo has said the country will increase its defense expenditure as much as necessary to achieve NATO capability goals, but is sticking to its resistance to a goal of 5% of GDP. Cuerpo told Bloomberg Television on Wednesday that Spain has estimated what it needs to spend and that this amounts to 2.1% of output.
-
1 week ago | 
bloomberg.com | Jorge Zuloaga |Macarena Munoz
A Neinor Homes residential construction site in the San Sebastian de los Reyes district of Madrid. (Bloomberg) -- Neinor Homes SA has offered to pay €1.07 billion ($1.24 billion) to take control of rival Aedas Homes SA in a deal that would create Spain’s largest homebuilder. The company launched a tender offer for Aedas after signing an irrevocable agreement to buy Castlelake’s 79% stake for €24.485 a share, according to a statement on Monday.
-
2 weeks ago | 
news.bloomberglaw.com | Jorge Zuloaga |Silas Brown |Macarena Munoz
Apollo Global Management Inc. is poised to provide the bulk of the financing for a potential deal in Spain that could create the nation’s biggest developer. The New York-based private capital giant is working on providing about €750 million ($870 million) in a loan for Neinor Homes SA’s bid to acquire rival Aedas Homes SA, according to people familiar with the matter.
-
2 weeks ago | 
bloomberg.com | Jorge Zuloaga |Silas Brown |Macarena Munoz
An advertising for residential development by Aedas Homes in Barcelona in 2019. (Bloomberg) -- Apollo Global Management Inc. is poised to provide the bulk of the financing for a potential deal in Spain that could create the nation’s biggest developer. The New York-based private capital giant is working on providing about €750 million ($870 million) in a loan for Neinor Homes SA’s bid to acquire rival Aedas Homes SA, according to people familiar with the matter.
-
2 weeks ago | 
bloomberg.com | Sarah Jacob |Macarena Munoz
Signage for ABN Amro Group NV at the bank's corporate headquarters in Amsterdam, Netherlands, on Tuesday, Feb. 1, 2022. ABN Amro, which hit a 52-week high on Feb. 2, is scheduled to release earnings on Feb. 9. Photographer: Peter Boer/Bloomberg(Bloomberg) -- ABN Amro Bank NV’s Chief Executive Officer Marguerite Berard launched a reorganization at the Dutch lender, a month after taking over the role.
-
2 weeks ago | 
bloomberg.com | Macarena Munoz |Kerim Karakaya
A BBVA bank branch in Valencia, Spain. (Bloomberg) -- BBVA SA is preparing to expand its presence in Abu Dhabi as it seeks to grow its corporate and investment banking business in the region. Spain’s second-largest lender aims to transform its current representative office in the emirate into a fully-fledged banking branch for its CIB unit, people with knowledge of the plans said. A spokesperson for the lender declined to comment.
-
2 weeks ago | 
bloomberg.com | Macarena Munoz |Pablo Mayo Cerqueiro |Swetha Gopinath
(Bloomberg) -- Blackstone Inc. is considering launching an initial public offering of Spanish casino operator Cirsa Enterprises as soon as the coming weeks, according to people familiar with the matter, as fading volatility has opened a window for companies to go public before the summer lull.
-
2 weeks ago | 
news.bloomberglaw.com | Macarena Munoz |Pablo Mayo Cerqueiro |Swetha Gopinath
Blackstone Inc. is considering launching an initial public offering of Spanish casino operator Cirsa Enterprises as soon as the coming weeks, according to people familiar with the matter, as fading volatility has opened a window for companies to go public before the summer lull. The company’s IPO could raise less funds than previously expected after its private equity owner recently injected cash to pay down debt, said the people, who asked not to be identified as the information is private.
-
3 weeks ago | 
bloomberg.com | Macarena Munoz |Julien Ponthus
(Bloomberg) -- European stocks gained for a second day, with Germany’s DAX benchmark hitting a record high after the government announced plans for big corporate tax breaks. The Stoxx Europe 600 Index rose at the close in London. It had earlier risen as much as 0.7%, but pared gains following weaker-than-expected US jobs data. The DAX Index advanced as Germany’s cabinet approved a package of tax breaks for companies worth an estimated €46 billion ($52 billion).
-
4 weeks ago | 
news.bloomberglaw.com | Jorge Zuloaga |Macarena Munoz
Apollo Global Management Inc. hired the former head of Barclays in Spain as a senior adviser to help with the firm’s investments in the country. Konstantin Sajonia-Coburgo will be supporting origination and investment activity in Spain, said a spokesperson for Apollo. Sajonia-Coburgo was senior adviser at FTI Consulting and had previously been country manager and co-head of investment banking at Barclays in Spain. He also spent 10 years at Rothschild & Co., according to his LinkedIn profile.
