Slim owns FCC, Sigma owns Campofrío, Escotet owns Abanca and Mexicans are buying Salamanca. The confirmed Latin American holdings in Spain and why Madrid won.
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Slim owns FCC, Sigma owns Campofrío, Escotet owns Abanca and Mexicans are buying Salamanca. The confirmed Latin American holdings in Spain and why Madrid won.
Iberdrola left Mexico for $10.4bn and now sends two thirds of a €58bn plan to British and American grids. The story of a utility that swapped presidents for regulators.
Repsol bought YPF, Argentina seized it, a New York court awarded $16bn and an appeals court took it back. The most complete sovereign-risk case study in Spanish business.
Bancomer cost BBVA about €5bn in 2000 and 2004. It now earns more than that every year, which is why BBVA tried to buy Sabadell and why the peso sets its share price.
Spain became Latin America’s second-largest investor in a decade. Thirty years on, its telecoms and utilities are selling out while its banks stay. Here is why.