Nao Victoria floating offshore wind farm : IberBlue Wind to develop 990MW project in Andalusia

Nao Victoria floating offshore wind farm : IberBlue Wind to develop 990MW project in Andalusia

IberBlue Wind, a Spanish-Irish renewable energy company, is planning to develop the 990MW Nao Victoria floating offshore wind farm in Andalusia, Spain. To this effect, the joint venture between Ireland-based Simply Blue Group and the Spanish duo of Proes Consultores and Grupo Amper’s engineering division — FF New Energy Ventures has submitted the Initial Project […]

Rheinmetall to acquire ammunition maker Expal Systems for €1.2bn

Rheinmetall to acquire ammunition maker Expal Systems for €1.2bn

Germany’s Rheinmetall has agreed to acquire Spain-based ammunition maker Expal Systems from MaxamCorp. Holding for an enterprise value of €1.2 billion. The acquisition is expected to help the Düsseldorf-based technology firm to expand its presence in Spain. The buyout is anticipated to strengthen Rheinmetall’s key ammunition, weapon, and propellant business following increased capacity in spare […]

AXA to acquire Spanish health insurer GACM Espana for €310m

AXA to acquire Spanish health insurer GACM Espana for €310m

French multinational insurance company AXA has announced entering into negotiations to acquire Groupe Assurances du Credit Mutuel Espana (GACM Espana) for €310 million in an all-cash deal. GACM Espana is mainly a property and casualty (P&C) and health insurer. AXA will make the acquisition through AXA Spain, which has entered into discussions with Groupe des […]

Centene to sell Spanish and Central European businesses to Vivalto Santé

Centene to sell Spanish and Central European businesses to Vivalto Santé

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 […]

Business management software firms Cegid and Primavera sign €7bn merger deal

Business management software firms Cegid and Primavera sign €7bn merger deal

Cegid, a France-based provider of cloud business management solutions, has agreed to merge with Grupo Primavera in an all-share deal that values the combined firm at around €6.8 billion. Grupo Primavera is a Spain-based cloud business management software firm. Cegid, which will be the surviving entity after the merger, caters to finance, human resources, retail, […]

Telefónica to sell stake in FTTH business in rural Spain to CAA and Vauban

Telefónica to sell stake in FTTH business in rural Spain to CAA and Vauban

Spanish telecom firm Telefónica Group has agreed to divest a 45% stake in its fibre-to-the-home (FTTH) business in rural Spain for €1.02 billion to a French consortium of insurance firm Crédit Agricole Assurances (CAA) and asset management company Vauban Infrastructure Partners. The parties will subsequently create a new company called Bluevia Fibra for commercializing and […]

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