El Grupo Savera negocia la compra de Funvera

Article Abstract:

The Spanish lift guide rails producer Savera is reported to be in trade discussions with the regional government of Navarra (Spain) for the acquisition of Funvera, active in the production of rolling stock and automotive suspensions. When the operation is expected to be closed has not been revealed. At the same time, Savera has announced a Pta 300mn investment for the setting up of a new guide rails line in its factory based in Bera de Bidasoa (Navarra). And the possibility of signing up a joint venture in China with a local partner (one of its competitors) in order to start producing in such Asian country. *

Comment:

Is in discussions with regional government of Navarra for acquisition of Funvera

Iron and Steel Mills, Auto Suspension Systems, Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing, Steel Rails, Suspension systems, Steel rail, Savera, Funvera

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BBV cerro la compra del 55% del banco chileno BHIF por 52,000 millones

Article Abstract:

For Pta 52,000mn (US$ 350mn), Spanish bank BBV has taken a 55% stake in BHIF bank of Chile. The transaction will be carried out in two phases, the first of which will be to acquire some of the stakes held by the Ricardo Massu and the Said families. The second phase will be through a capital increase. BHIF specialises in mortgage loans and is regarded as having good growth potential in retail banking. The bank's assets total nearly Pta 500,000mn (US$ 3,204mn).

Comment:

Takes 55% stake in BHIF bank of Chile for Ptas52,000 mil ($350 mil)

Commercial Banks, Commercial Banking, Chile, BHIF, BBV

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Tabacalera compra una fabrica en el Caribe

Article Abstract:

Spanish cigarette company Tabacalera has acquired Sociedad Tabacalera Nacional Dominicana in the Dominican Republic for Pta 930mn (US$ 6mn). The company has a turnover of US$ 5mn and has a plant in Santiago de los Caballeros on the island. Tabacalera's new acquisition is about to begin production of the Romeo y Julieta brand of cigars, which will be distributed in the US by Max Rohr Importer. Tabacalera has also launched a new brand of cigars called Vegafina.

Comment:

Spanish cigarette company acquires Sociedad Tabacalera Nacional Dominicana in Dominican Republic for $6 mil, Dominican Rep

Tobacco Products, Tobacco Manufacturing, Cigars, Other Tobacco Product Manufacturing, Dominican Republic, Tabacalera S.A., Sociedad Tabacalera Nacional Dominicana

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