MADRID, April 9 (Reuters) – Some of the owners of the
world’s top olive oil bottler Deoleo are rethinking
plans to sell, sources said, after the Spanish government
revealed its interest in buying into what it sees as a
nationally strategic company.
The move puts at risk British-based CVC Capital Partners’
bid for the indebted Spanish firm, which sells one
fifth of the world’s bottled olive oil and owns three of the top
four brands, Spain’s Carbonell and Italy’s Bertolli and
LONDON/MADRID, April 8 (Reuters) – British private equity
fund CVC Capital Partners is the frontrunner in a race to buy
Spanish olive oil bottler Deoleo, two banking sources
said on Tuesday, a deal that has taken on political dimensions
Other bidders include U.S. private equity firm Carlyle
and Rhone Capital, France’s PAI Partners, and the
Italian’ government’s strategic fund, according to media reports
and sources familiar with the process.
MADRID, April 3 (Reuters) – A number of foreign funds are
vying to take over Spain’s Deoleo, the world’s top
olive oil bottler with brands like Carbonell, a source close to
the deal said on Thursday, in a deal that has become highly
Spain is the world’s biggest olive oil producer. Its olive
oil exports are surging and the industry is seen as a growth
area especially for the south of the country, which is plagued
by high unemployment.
MADRID/PARIS (Reuters) – Russia’s annexation of Crimea after a snap referendum staged under military occupation has whetted some appetites in the Balkans, but has done no favors to the Scots, Catalans, Flemish and others seeking independence in Europe.
The leader of ethnic Serbs in Bosnia was quick to claim a precedent, asserting his autonomous Serb Republic’s right to secede or at least turn the former Yugoslav republic into an even looser confederation.
MADRID, March 3 (Reuters) – The ex-head of one of Spain’s
biggest troubled banks was questioned by a judge behind closed
doors on Monday over the sale of billions of euros in risky
investments to small savers, who then lost most of their money
as the financial crisis unfolded.
High Court Examining Magistrate Fernando Andreu is
investigating whether Miguel Blesa, ex-chairman of Caja Madrid,
and other executives, duped savers into buying hybrid securities
known as preference shares, sold as part of efforts to boost the
bank’s capital and cover up solvency problems.
MADRID (Reuters) – When Spain’s Princess Cristina appears before a judge on Saturday for questioning on corruption charges, it will be the biggest victory yet for anti-graft crusader Miguel Bernad, a lawyer who has pursued bankers, politicians and now the royal family.
Operating out of a one-room office in Madrid, Bernad’s Clean Hands group – a loose association of lawyers – has waged a very personal war against corruption, forcing judges to investigate politically sensitive cases that may have otherwise languished.
MADRID, Feb 4 (Reuters) – Morocco has recruited foreign
investors to fund a $9 billion solar power project, even though
some European lenders have balked due to the location of some
planned plants in the disputed Western Sahara, its foreign
Lending sources at German state-owned banks and at
multi-lateral lenders such as the World Bank, the European
Investment Bank and the European Union have told Reuters they
would not finance projects based in Western Sahara.
BRUSSELS/MADRID (Reuters) – The European Union will agree next month to deepen relations with Cuba in its most significant overture to the communist nation since diplomatic sanctions were lifted in 2008, people close to the matter told Reuters.
Foreign ministers from the EU’s 28 countries will give the go-ahead on February 10 to launch talks with Havana on a special cooperation accord to increase trade, investment and dialogue on human rights. The pact could be agreed upon by the end of 2015.
BRUSSELS/MADRID, Jan 30 (Reuters) – The European Union will
agree next month to deepen relations with Cuba in its most
significant overture to the communist nation since diplomatic
sanctions were lifted in 2008, people close to the matter told
Foreign ministers from the EU’s 28 countries will give the
go-ahead on Feb. 10 to launch talks with Havana on a special
cooperation accord to increase trade, investment and dialogue on
human rights. The pact could be agreed upon by the end of 2015.
MADRID, Jan 30 (Reuters) – The Spanish government’s 20
percent stake in Indra defence and technology firm is
not for the long term, and was made last year to make sure
foreign interests did not buy into the company, the defence
minister said on Thursday.
“We’ve made sure Indra is in Spanish hands,” Defence
Minister Pedro Morenes told a group of foreign correspondents.