Catalana, Citibank y Sumitomo, entre los nuevos accionistas de Mapfre America

Article Abstract:

Insurance company Mapfre America now has eight new partners, four of which are Spanish: Catalana Occidente (1.5%), Caja Madrid (10%), Consorcio de Compensacion de Seguros (0.70%), and Antares II (Telefonica pension fund - 1.58%). Citibank has a 0.67% stake, Sumitomo Marine & Fire a 0.55% stake, Ace, 2.5% and Munich Re, 2.5%. After its capital increase, Mapfre America is valued at Pta 114,837mn. The new parters in Mapfre America will reportedly also take stakes in the life and pension activity for the Americas, Mapfre America Vida.

Comment:

Takes stake in Mapfre America of Spain

Japan, Foreign operations, Insurance, Insurance Carriers and Related Activities, Pension Funds & Benefit Plans, Pension Funds, Reinsurance, Reinsurance Carriers, Munich Reinsurance Co., Caja Madrid, Sumitomo Marine and Fire Insurance Company Ltd., Mapfre America, Consorcio de Compensacion de Seguros, Catalana/Occidente Grupo Asegurador, Antares II

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Iniciatives compra el 36% de Unipunt

Article Abstract:

A 36% stake in Spanish women's underwear manufacturer, Unipunt, based in Mataro (Barcelona) has been acquired for Pta 350mn by venture capital company Catalana d'iniciatives. The rest of the company is owned by the Bellavista family. Unipunt is said to be planning to build a new factory and step up exports. In a two-year period, the aim is to increase turnover from Pta 1,400mn to Pta 2,400mn. In addition to increasing its presence in the overseas marketplace, Unipunt plans to re-launch its brand names Unipunt and Kubik.

Comment:

Venture capital co acquires 36% stake in women's underwear manufacturer Unipunt for Ptas350 mil

Women's and Girls' Cut and Sew Lingerie, Loungewear, and Nightwear Manufacturing, Women's & Girls' Underwear, Unipunt

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Catalana de Iniciatives toma el 49.9% de Ferre Plana

Article Abstract:

A 49.9% interest in Spanish company Ferre Plana, which is active in the auxiliary automotive industry, has been acquired by venture capital company Catalana d'Iniciatives. Another 10% in Ferre Plana is owned by Interkreis which will manage the company. Ferre Plana is based in Sant Joan Despi (Barcelona) and has a turnover of Pta 1,200mn per year. The company specialises in cold stamped high resistance and safety parts.

Comment:

Acquires 49.9% interest in Ferre Plana

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automotive parts, Ferre Plana

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