Arab Today, arab today foreign investment in spanish firms reaches €285bn
Last Updated : GMT 01:25:55
Arab Today, arab today
Arab Today, arab today

Foreign investment in Spanish firms reaches €28.5bn

Arab Today, arab today

Arab Today, arab today Foreign investment in Spanish firms reaches €28.5bn

Balance sheets of its battered banks
Madrid - XINHUA

 Foreign investment in Spanish firms reached 28.5 billion euros (31.8 billion U.S. dollars) in the first seven months of the year, according to data published Wednesday by Spanish economic newspaper Expansion.

However, the figure could be even higher as data includes completed and announced investments but not those whose figure is unknown or below 20 million euros.

There is a greater access to credit and prices within the real estate sector are more "attractive" for investors, while some firms need to reduce their debt, Expansion explained.

Investments arrive from different parts of the world and they are usually ordered by family offices, sovereign funds, industrial companies or investment funds.

Former prime minister of Qatar Sheikh Hamad Bin Jassim Bin Jaber Al Thani bought a 10 percent stake of the Spanish department store chain El Corte Ingles for 1 billion euros. This was the first time El Corte Ingles sold a stake to a foreign investor.

The two major purchases, however, were carried out by the U.S. fund Blackstone and the French telecommunications company Orange. Blackstone bought about 6.4 billion euros of mortgages from Catalunya Banc for 3.6 billion euros and Orange invested 3.4 billion euros in Spain telecoms operator Jazztel.

Meanwhile, Spain's real estate sector also received investments. U.S. fund Lone Star bought half of Kutxabank real estate assets for 930 million euros and Grupo Sanjose received a 750 million euros investment from Deutsche and Barclays.

Foreign investment is "at record levels thanks to the improvement in the economy," according to the media report, adding the 2015 figure is expected to surpass the 47.3 billion euros investment of 2014 and the 23 billion of 2013. (1 euro = 1.11 U.S dollars)

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign investment in spanish firms reaches €285bn Arab Today, arab today foreign investment in spanish firms reaches €285bn

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday