Spain

French travel startup Evaneos bags $6M for European growth

Paris, France-based travel startup Evaneos raised $6 million from a Series B funding round led by XAnge Private Equity for its expansion to other European countries.

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Panama Canal Authority, Spanish-led consortium to keep $7B Panama Canal expansion project running

The Panama Canal Authority and a building consortium led by Spain's Sacyr Vallehermoso SA on Tuesday agreed to put up at least $100 million each to keep the Panama Canal expansion project running. The two parties are at odds over who should pay for $1.6 billion in project cost overruns.

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Spain's Codere gets 30-day grace period on €127M loan

Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.

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Spain's Telefonica denies involvement in joint offer for TIM Brasil

Spain's Telefonica said it was not thinking of making a joint bid for TIM Brasil, the Brazil-based wireless network operator of Telecom Italia, Reuters reported.

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Spanish bank Santander sells real estate unit to American private equity firm Apollo for $903M

The biggest bank in Spain, Banco Santander SA, sold its real estate arm to US-based private equity group Apollo Global Management in a deal valued at €664 million ($903 million).

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Spain's Codere seeks creditor protection amid €1.27 billion debt restructuring

Codere, a Spanish gaming group with €1.27 billion of debt as of last September, is seeking creditor protection and beginning talks to avoid insolvency. Codere may be unable to pay a €127 million loan due on January 5 if it fails to reach an agreement with its lenders.

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Spain's Sabadell sells 15.8pct stake in Dominican Republic lender Centro Financiero for $156M

Banco de Sabadell on Friday announced that it has sold its 15.8% stake in Dominican Republic's Centro Financiero BHD for $156 million. Sabadell also recently exited its holdings in Grupo BHD, Centro Partner Group, Twins Investment Partners and Grupo Financiero Leon.

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Venezuela's Banesco wins bidding for Spain's rescued bank NCG Banco

Venezuelan bank Banesco has won the bid for a controlling stake in Spanish state-rescued lender NCG Banco through its €1 billion offer. Banesco bet out five other rivals in the auction.

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Las Vegas Sands to cancel Spanish mega-casino investment plans

US casino operator Las Vegas Sands said on Friday that it will drop its over $30 billion investment plans into Eurovegas, a mega-casino project to be established in Madrid.

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Spain's Pescanova mulls over KKR consortium takeover offer

Debt-ridden fishing firm Pescanova SA is weighing a buyout offer from a consortium led by US private equity firm KKR & Co. The KKR & Co consortium, which includes investment firm Ergon Capital Partners and existing shareholders Luxempart and Damm, offered to acquire Pescanova for an undisclosed sum.

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HSBC exits minority stake in Bank of Shanghai to Spain's Santander

HSBC Holdings PLC has put up for sale its 8% stake in Bank of Shanghai Co. HSBC sold its holding in the Chinese bank to Spain's Santandar SA for an undisclosed sum.

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Telecom Italia rebel investor Marco Fossati opposes enforced sale of TIM Brasil

Telecom Italia's activist investor Marco Fossati campaigned against the enforced sale of TIM Brasil. Brazil's competition regulatory body ruled earlier this week that Telecom Italia must divest its stake in the Brazilian mobile carrier.

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EDF, GDF Suez vies to win offshore wind projects in France

France's two largest petroleum and electric utility firms are vying to develop two 500-megawatt wind projects near Le Treport in France. The French government opened the bidding earlier this year to attract investments of about EUR3.5 billion.

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China's Shuanghui to fight for control over Campofrio

Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.

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Repsol to give recommendation to YPF deal for less than half of its value - sources

On Wednesday, sources disclosed that the board of directors of Spanish oil major Repsol will resolve to agree on compensation for its 51% ownership stake in YPF, of which the latter will be nationalized by the government of Argentina.

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