argentina

Barcelona-based Abertis to list its telecom division on the Stock Exchange in 2015

October 30, 2014 09:45 PM | ACN

Abertis, the international group which manages transport and telecommunications infrastructures, has announced it will list its telecom exchange business on the Stock Exchange in 2015. The Catalan company presented its new Strategic Plan for 2015-2017 to investors in London this week. The main objectives of the decision were to develop its business strategy, increase returns for shareholders and boost growth. The company currently owns 8,000 radio, television and mobile signal towers. Besides, Abertis presented its numbers for the first nine months of 2014 to the Spanish Stock Exchange Authority (CNMV), including a net profit of €560 million, an increase of 4.6%. The new Strategic Plan also envisages a dividend increase of 10% for its shareholders every year until 2017.  

Barcelona-based Gas Natural Fenosa to make take-over of biggest energy distributor in Chile for €2.6 billion

October 13, 2014 08:32 PM | ACN

The energy company Gas Natural Fenosa announced they have launched a tender offer for 100% of the share capital of the Chilean Compañía General de Electricidad (CGE), which represents a €2.6 billion purchase. The transaction is to be the biggest international  acquisition by the Barcelona-based company. The total size of the operation, including the consolidated debt of CGE and its subsidiaries, is approximately €6 billion. It expected to generate over €600 million gross profit next year. Purchase of CGE, which distributes electricity to 43% of the Chilean market, and has 2.5 million customers, will increase the Catalan company's presence in Latin America. Furthermore, this deal will allow Gas Natural Fenosa to meet its 2015 growth targets and strengthen its presence in Latin America.

Latin America left-wing parties support Catalonia's self-determination vote scheduled in November

August 29, 2014 09:27 PM | ACN

The final declaration of the 2014 São Paulo Forum, which brings together around 100 left-wing parties from Central and South America each year, has demonstrated explicit support for Catalonia's self-determination vote, which is foreseen for the 9th of November. The XX Encuentro del Foro de São Paulo, which took place in La Paz (Bolivia) between the 25th and the 29th of August, gathered together most of the parties that are now running the governments of Spain and Portugal's former colonies in Latin America. The support statement was proposed to be included by 3 Catalan parties: the left-wing independence party ERC, the Catalan green socialist party ICV and the radical left and independence party CUP.

Trial of two Franco torturers is closer thanks to MEP letter

December 10, 2013 02:34 PM | ACN / Emma Garzi

The Spanish Minister for Justice allowed the legal procedure regarding the extradition to Argentina of two Franco torturers to continue. This decision occurred after a letter written by a group of MEPs, led by Catalan and Spanish representatives, had asked the Spanish Prime Minister Mariano Rajoy for the two men’s extradition. In their letter, the MEPs urged Spain to stop “hampering the progress of the Argentine justice”, which is currently investigating Franco crimes. Indeed a first unsuccessful request for the two men’s extradition had been made in 2010. Spanish High Court Judge Pablo Ruz is in charge of making the next move. For now, he has interrogated the two alleged torturers and confiscated their passports as a precautionary measure. However, there still are many steps to go before the extradition. In their letter to Rajoy, the MEPs had also demanded the repeal of the 1977 Spanish Amnesty Law which is used to prohibit Franco criminals from being prosecuted.

Bayer to control 25% of its global sales from Barcelona

November 19, 2013 08:03 PM | ACN

The German chemical and pharmaceutical company has picked Barcelona to provide shared services to its subsidiaries in Greece, Turkey and Latin America, which account for 25% of the total group sales. Bayer’s Shared Service Centre in the Catalan capital will expand its tasks and responsibilities by taking over the accounting, controlling and IT services for these geographical areas. The expansion will take place over 2014 and the centre will pass from being in charge of 11 countries to 22, managing over 50 Bayer subsidiaries. The General Manager of Barcelona’s Centre, Erik Schonebeck, stated the project would “consolidate” the 300 existing jobs in the Catalan capital but no further new jobs would be created in the short-run. Barcelona hosts one of Bayer’s 5 global headquarters.

Franco crimes and Catalan President’s murder are investigated by Argentina

November 14, 2013 05:48 PM | Emma Garzi

The Argentinean Judiciary is investigating crimes perpetrated under Franco’s dictatorship in Spain, notably the execution of Catalan President Lluís Companys in 1940. Companys was the only incumbent president to have been executed during World War II. A few weeks ago, his political party (ERC) filed a complaint in Argentina in order for his speedy military trial to be declared null and void, as the Spanish institutions have refused to do so on numerous occasions. Spain’s Amnesty Law of 1977, which is still in force to this day, has always prevented Franco crimes from being investigated and from going to trial. In 2010, Spanish Judge Baltasar Garzón, who became internationally famous for investigating Argentinean and Chilean dictatorships, was disbarred from office after trying to open a case against Franco crimes. Therefore, the plaintiffs have appealed to universal Justice, seeking restitution in other jurisdictions.

Leo Messi and his father to be interrogated by the judge next September over alleged fiscal fraud

June 21, 2013 12:49 AM | CNA

Last week Lionel Messi and his father Jorge Horacio Messi were formally accused by the Spanish Public Prosecution Office of having evaded €4 million in taxes regarding his image rights between 2007 and 2009. The judge in charge of the case has decided to indict the FC Barcelona player and his father. She has asked them to come to the court with their lawyers on the 17th of September to be interrogated, in order to decide whether she will formally accuse them or not. Messi’s lawyers issued a press release in which they stated the player’s will to cooperate with the judicial process and added he will pay whatever he is told. However, they also insisted on Messi’s innocence, emphasising they “are sure” he has already honoured his fiscal obligations. In addition, the Argentinean player released a statement last week fully denying the accusations.

Messi and his father accused of a €4 million fiscal fraud by the Spanish Public Prosecutor Office

June 13, 2013 12:17 AM | CNA

The FC Barcelona player denies having evaded taxes. “We have not committed an offence” and “we have always honoured our fiscal obligations” stated Lionel Messi in a note published on his Facebook account. On Wednesday, the Public Prosecution Office accused the Argentinean football player and his father Jorge Horacio Messi of not having paid €4 million to the Spanish Tax Agency in 2007, 2008 and 2009. The Prosecution Office believes they hid “important revenue” deriving from image rights and “simulated” signing over the image rights to societies based in fiscal havens such as Belize or Uruguay or with addresses in countries particularly permissive with such societies such as the United Kingdom and Switzerland.

The 19th Latin American Film Festival in Lleida showed 117 films from 14 different countries

April 22, 2013 05:32 PM | Xavier Lozano / Laura Cortés / Carla Giné

The 19th edition of the Latin American Film Festival in Lleida ended last weekend after showing 117 films from 14 different countries. Argentine film director Gustavo Garzón’s movie 'Por un tiempo' (‘For a time’) had its world premiere while honorary awards were delivered to Spanish actor José Coronado and Mexican actor Damián Alcazar. 'Porcelain horse' (Mejor no hablar de ciertas cosas), directed by Ecuador’s Javier Andrade, won the Best Film Award. The budget for this year’s edition had been reduced by 24% and the Festival was forced to remove documentary and retrospective sections from the programme.

CaixaBank meets all the new provision requirements and earns €48 million in just one term

April 20, 2012 12:22 AM | CNA

Spain’s largest bank presented its results for 2012’s first quarter. Barcelona-based CaixaBank has reduced its profits by 84% compared to the same period last year in order to immediately fulfil all the new financial requirements decreed by the Spanish Government in February. The Catalan bank has allocated €2.44 billion in provisions in the last quarter. CaixaBank’s CEO explained they wanted to concentrate their efforts in this first quarter. Besides, the bank’s President explained that despite Repsol-YPF’s episode in Argentina, they will carry on with their expansion plan in the Americas, with the support of Carlos Slim, opening new branches in Chile, Colombia and the United States.