Senior Correspondent, Spain
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Dec 16, 2014

Repsol to buy Talisman Energy for $13 billion

MADRID (Reuters) – Spain’s Repsol has agreed to buy
Talisman Energy, Canada’s fifth-largest independent oil
producer, for $13 billion, showing how the drop in oil prices is
pushing energy companies to take the plunge on big M&A deals.

A near halving in the oil price since June has lowered price
tags on producers like Talisman, spurring renewed interest from
Repsol which has long been searching for oil and gas assets in
North America and elsewhere.

Dec 16, 2014

Repsol close to buying Talisman Energy – source

MADRID, Dec 15 (Reuters) – Spanish oil major Repsol
is close to buying Canada’s fifth-largest independent petroleum
producer, Talisman Energy, a source with knowledge of
the matter said on Monday.

The source, speaking on condition of anonymity, said the
board of Repsol had approved making an offer for the Canadian
company, and Talisman’s board was now meeting to review it.

Dec 5, 2014

Court case comes back to cloud Bankia recovery plan

MADRID, Dec 5 (Reuters) – A long-running court investigation
into the flotation and bailout of Bankia, which could
end with the Spanish bank having to pay 3 billion euros ($3.7
billion) to wiped-out shareholders, is coming back to cloud the
lender’s future.

Once a symbol of Spain’s financial crisis, Bankia had
evolved into a sign of the country’s recovery after returning to
profit in 2013. The state has begun selling its majority stake.

Dec 3, 2014

EU regulators to widen probe into Orange, Jazztel deal -sources

BRUSSELS/MADRID, Dec 3 (Reuters) – EU antitrust regulators
are likely to expand their scrutiny of Orange’s
3.4-billion-euro ($4.2 billion) bid for Jazztel,
stepping up pressure on the companies to enhance their
concessions, two sources familiar with the matter said on
Wednesday.

Orange, France’s largest mobile firm, is looking to use the
deal to get ahead of rival Vodafone in the Spanish
mobile market. Telefonica is the market leader there.

Nov 27, 2014

Mexican billionaire Slim to take top stake in Spanish builder FCC

MADRID (Reuters) – Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after agreeing to buy top shareholder Esther Koplowitz’s part of a $1.3 billion capital increase.

The deal means Koplowitz will lose control over the building group she inherited from her father, a German immigrant who built a construction empire during the years following Spain’s 1936-1939 Civil War.

Nov 27, 2014
Nov 25, 2014

BT, Telefonica discuss cash and share deal for second quarter

MADRID (Reuters) – Britain’s BT Group and Spain’s Telefonica have stepped up talks over a cash and share deal which would allow BT to buy back the 02 mobile network it once owned, a source with knowledge of the matter said on Tuesday.

The source, speaking on condition of anonymity, however said that a reported valuation of around 14 billion euros (11.11 billion pounds) for O2 was too high. Spanish news website El Confidencial had cited that price based on Telefonica getting a 20 percent stake in BT and a cash payment of 6 billion euros.

Nov 25, 2014

BT, Telefonica discuss cash and share deal for O2

MADRID, Nov 25 (Reuters) – Britain’s BT Group and
Spain’s Telefonica have stepped up talks over a cash
and share deal which would allow BT to buy back the 02 mobile
network it once owned, a source with knowledge of the matter
said on Tuesday.

The source, speaking on condition of anonymity, however said
that a reported valuation of around 14 billion euros ($17.5
billion) for O2 was too high. Spanish news website El
Confidencial had cited that price based on Telefonica getting a
20 percent stake in BT and a cash payment of 6 billion euros.

Nov 24, 2014

BT lines up O2 and EE in quest for British telecoms supremacy

LONDON/MADRID Nov 24 (Reuters) – Britain’s BT Group
has been approached by O2 owner Telefonica and the
parents of O2′s bigger rival EE to discuss competing
multibillion-pound deals to create a powerhouse in fixed-line
broadband, mobile and TV.

The former monopoly’s long-mooted expansion into mobile
expected next year appears to be acting as a catalyst to
consolidation in Britain, where the market is split between four
mobile networks and four major broadband providers.

Nov 19, 2014

Spanish bank BBVA to take control of Turkey’s Garanti

MADRID/ISTANBUL, Nov 19 (Reuters) – Spanish bank BBVA
is raising its stake in Garanti, one of
Turkey’s biggest lenders, in a deal worth $2.5 billion that will
give it control of the board as it pursues its strategy of
overseas expansion.

Turkish conglomerate Dogus Holding has agreed to sell a
14.89 percent stake to BBVA, which already owns 25 percent of
Garanti, for 5.5 billion lira, Garanti said in a stock-exchange
filing on Wednesday. The deal cuts Dogus’ stake to 10 percent.

    • About Julien

      "Julien is based in Madrid where he covers Spain's economy and politics. He previously worked in Brussels where he reported for four years on Europe's debt crisis, financial regulation and foreign affairs. He also dealt with a wide range of EU issues and policy, from trade and competition to energy, climate change, agriculture as well as Nato and Belgium. He joined Reuters in Paris in 2006."
      Joined Reuters:
      2006
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