Banco Popular sells property management to US funds

Spanish bank Banco Popular announced the sale of its property management units to US-based investment companies Varde Partners and Kennedy Wilson for an undisclosed amount.

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WSJ report says private equity to make a comeback in Spain, Italy

The Wall Street Journal said private equity firms may soon be returning to Spain and Italy. The report cited data from Preqin and the information presented given by several sources.

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Japan's Fast Retailing eyes secondary offering in Hong Kong

Japan's Fast Retailing Co. is planning a secondary public offering in the Hong Kong Stock Exchange next year. If successful, the Tokyo-listed retail holding company would become the third Japanese company to list in Hong Kong.

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CEPSA takes over Coastal Energy Co. For CAD2.3 billion

Spanish multinational oil firm CEPSA bought Canadian Coastal Energy Co. for CAD2.3 billion (USD2.21 million) including debt. CEPSA will pay CAD19 per Coastal Energy share in cash.

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Prisa close to reaching EUR 3 billion refinancing agreement with creditors

Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.

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Apollo raises USD3.9 billion to buy out distressed assets in Europe

American investment firm Apollo Global Management LLC raised USD3.9 billion to buy distressed European assets. Specifically, the private equity firm is hunting for hotels and resorts in Spain.

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Mexico's Sigma finalizes full takeover for Spain's Campofrio

Mexico-based food conglomerate Sigma Alimentos announced it plan to take over Spain's meat processing company Campofrio after it agreed to buy 40% of of the Spanish company from its current shareholders.

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Armajaro sells commodity-trading arm to Ecom after USD7.5 million loss

London-based Armajaro Holdings Ltd sold its coffee, cocoa, and sugar trading arm to Swiss agricultural trader Ecom Agroindustrial Corp Ltd after reporting a loss of USD7.5 million.

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Novartis sells diagnostics unit to Grifols for USD1.68 billion

Basel-based Novartis AG sold its California blood unit to Spain's Grifol's SA for USD1.68 billion.

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Euro's currency at a cross roads

Some say the Euro is overvalued while others claim it is not.

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BBVA sells off shareholdings in CITIC Bank

In a move to comply with local regulations as well as economic slowdown in China, BBVA would be able to sell off some of its shares in CITIC.

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IMF warns of banking defaults in three EU countries

After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.

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Spain's Bankia in talks to sell brokerage unit: source

Spain's Bankia had been in exclusive discussions with brokerage GVC to sell its own brokerage unit valued between EUR20 million and EUR40 million, said sources.

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Spain's interest rates hurting small businesses

The higher interest rates imposed on small businesses hurt the Spanish recovery program.

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Banks aid El Corte Ingles' debt with EUR3.8 billion loan

Spain's El Corte Ingles said on Monday that it has reached an agreement with banks to refinance its EUR5 billion debt.

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