UK-based oil and gas major BP has launched the HyVal green hydrogen project in the Valencia region at its Castellón refinery in Spain, with an investment of up to €2 billion. The public-private collaborative initiative HyVal is led by BP and is anticipated to decarbonize the operations of the Castellón refinery, replacing its current use […]
Iberdrola will soon begin the construction of a new solar energy production facility in the province of Palencia, Spain, following a favorable environmental impact statement. The photovoltaic project in Castilla y León, which will be located in the municipality of Villalba de Guardo, will have an annual capacity of 350 megawatts (MW). The €217 million […]
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 […]
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 […]
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 […]
Plenitude, an Eni-controlled company, has inaugurated the 104.5 MW El Monte wind farm, located in the Castilla La Mancha region, Spain. Powered by 19 GE-supplied Cypress 158 wind turbines, the El Monte wind project is now fully operational. The Spanish wind farm has a capacity to generate about 300GWh per year, which is equivalent to […]
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 […]
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, […]
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 […]
Dutch life insurer Aegon has agreed to divest its 50% stake in its insurance joint venture (JV) with Liberbank in Spain to Unicaja Banco, a Spanish savings bank, for €177 million. The transaction comes after the change of control in Liberbank following its merger with Unicaja Banco, which was announced last year and wrapped up […]