Publications
January 2012
January 2012
SPAIN
In January, the number of deals registered by the Spanish transactional market was similar to December. Highlights include divestments by two Spain-based groups outside of the country. Santander Private Equity and Finpro sold a 8.68% stake in Kemble Water, a UK-based subsidiary of Thames Water, to group China Investment Corporation. The deal value was EUR 600m. Furthermore, Alfonso Gallardo sold its Germany-based subsidiaries Stahlwek Thüringen and Gallardo Sections to CSN Steel, the Spain-based subsidiary of Brazilian group CSN.
PORTUGAL
The Portuguese transactional market, in January, was particularly active, exceeding two dozen deals registered. Highlights include a merger announcement between Quinta das Lágrimas and Hotéis Alexandre de Alemida, two Portugal-based hotel groups. And the announcement of stock market exit by Inosat, a Portugal-based technology company, a pioneer in the telematics and geotagging. In addition, following December there was a significant decrease in capital market deals, which was particularly active with foreign investments and capital increase transactions.
