In a move that signals a major shift in Europe’s digital infrastructure, Aermont Capital has agreed to acquire Nabiax, a leading Spanish data center operator, from Asterion Industrial Partners and Telefónica. The acquisition, estimated to value Nabiax at around €1 billion, could become a watershed moment for Spain’s data center industry, supporting critical advancements in […]
RH, previously known as Restoration Hardware, saw its stock price surge by 19% following an optimistic demand forecast for its high-end home furnishings. Despite a mixed fourth-quarter earnings report that missed revenue estimates, the company’s ambitious growth plans and aggressive advertising strategy have sparked investor enthusiasm. A bold move amid challenging conditions RH’s shares rallied […]
In the early hours of Sunday, a devastating fire engulfed a nursing home in Madrid, leading to the tragic loss of two women and leaving at least 10 other individuals injured. The incident, which occurred at approximately 7 am (0600 GMT), has sent shockwaves through the community, underscoring the vulnerability of care facilities and the […]
Centene Corporation, an American managed care company, has agreed to divest its Spanish and Central European businesses to French hospital company Vivalto Santé for an undisclosed price. The transaction is in line with Centene’s review of strategic alternatives for its international portfolio. The managed care company plans to use the majority of the net proceeds […]
Accenture has acquired a Spain-based supply chain consulting firm called Alfa Consulting that specializes in operations strategy in capital intensive industries. The financial terms of the deal were not disclosed. Alfa Consulting is headquartered in Barcelona and has offices in Madrid and Mexico as well. The supply chain consulting firm is said to have wide […]
MINISO, a Chinese lifestyle product retailer, has opened a new store in Madrid, Spain, located in the heart of the Salamanca district. The store opening marked the 100th for the variety store company after raising $680 million in October 2020 in a US initial public offering (IPO) in New York. In Spain, MINISO has so […]
Spanish energy company Naturgy has signed a deal to divest its 96.04% stake in Chilean electricity distribution company Compania General de Electricidad (CGE) for Chinese state company State Grid International Development Limited (SGI) for €2.57 billion. Established in 1905, Compania General de Electricidad supplies power to 45% of households in Chile. The company is also […]
French energy giant Total is partnering with Spanish renewable energy group Ignis to develop a 3.3GW of solar power projects in Spain. Total said that the new Spanish solar power projects will be built near Madrid and Andalusia. The French oil and gas giant is expecting the first of the solar power plants will begin […]