Publications
March 2011
March 2011
The Spanish financial sector stood out the most in terms of deals volume in March. A number of private equity investments, particularly from international private equity firms, were also worthy of note. Abu Dhabi Government-owned fund Mubadala is negotiating the acquisition of a 71% stake in Aernnova, na investment worth some EUR 500m; Noth American company Apollo Capital Group is positioning itself as a potential buyer of MBNA España, Bank of America's Eropean credit cards division, for some EUR 400m. Another two relevant deals were finally closed, following a go ahead by the competent Spanish market authorities: the acquisition of Velosi by Applus+ and the acquisition of Polish bank Zachodni by Banco Santander.
March was this year's most active month to date in Portugal. A number of Portuguese companies travelled abroad, acquiring stakes in foreign companies, particularly Brazillian and Mozambican companies. One of the month's major highlights was Portugal Telecom's acquisition of a 25,6% stake in Brazillian telecoms company Oi, a deal worth approximately EUR 3,8bn.
