BBVA to proceed with Sabadell takeover bid, despite government’s conditions
Spain’s BBVA said on Monday that it would be moving ahead with its hostile takeover bid for smaller rival Sabadell, despite the government effectively blocking...
Business
Spanish government says BBVA must keep Sabadell separate for 3 years as takeover condition
Spain’s BBVA will be required to maintain Banco Sabadell and itself as separate entities for at least three years and safeguard existing jobs, according to...
EU Investment Bank pledges €1.6bn for Bay of Biscay power link connecting Spain & France
The European Investment Bank (EIB) has announced a funding package of 1.6 billion euros to support a major electricity interconnection project linking France and Spain...
Netflix to invest more than a billion euros in Spain over next four years
The US streaming giant Netflix has said that it is going to invest €1.1 billion in productions in Spain between 2025 and 2029, which has...
Unemployment in Spain drops below 2.5 million for first time in 17 years
May typically brings a surge of optimism for Spain’s labour market, as businesses gear up for the busy summer period with a fresh wave of...
Alcampo to close 25 stores in Spain with the loss of 710 jobs across 13 regions
The French retail chain Auchan, operating in Spain under the Alcampo brand, has announced plans to close 25 stores across the country, resulting in the...
Shares in Spanish retail giant Inditex drop despite another record profit
Spanish retail giant Inditex, the parent company of Zara, reported another record annual profit on Wednesday, yet concerns over potential US tariffs impacting future growth...
AI and trade tensions take centre stage at Mobile World Congress in Barcelona
The world’s largest wireless technology event began on Monday in Barcelona, with the enthusiasm surrounding AI’s potential to revolutionise devices colliding with concerns over escalating...
Microsoft to invest €2.2 billion in huge data centre project in Aragón
Tech giant Microsoft is to invest 2.2 billion euros in a huge data centre project in northeastern Spain, regional authorities said on Wednesday as the...
Spanish government seeks to block BBVA’s hostile bid for rival Sabadell
The Spanish Economy and Labour ministers said on Thursday that they opposed the hostile takeover bid launched by BBVA bank for its smaller rival Banco...
