chile

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 9^th of November. The XX Encuentro del Foro de São Paulo, which took place in La Paz (Bolivia) between the 25^th and the 29^th 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.

The Catalan highway and telecom company Abertis has closed a €291 million deal to buy the remaining 42.3% of the shares of the Rutas del Pacífico highway management enterprise. Abertis, which is a world leader in the highway management business, already controls 57.3% of the South American company and now it has bought Capital Riesgo Global, Grupo Santander and Inversora de Infrastructuras (Invin) the rest. The new operation will be completed in the second half of 2014, although the Catalan multinational will not have to pay the €291 million until August 2019. With this deal, Abertis will also take control of 50% of the Autopista Central highway company.

The profits of Barcelona-based Abertis, a world leader in the toll road management sector, dropped by 39.8% in 2013 compared to 2012 figures. However, the company emphasised that both years are “not comparable” since profits were particularly high in 2012 due to the capital gains from selling corporate shares. If those operations were not taken into account, the recurring profit would have indicated a 6.5% growth. However, the Catalan multinational’s net profit amounted to €617 million in 2013, as opposed to the €1.02 billion reached in the previous year, as reported to the Spanish Stock Exchange Regulation Authority (CNMV) on Wednesday. Abertis’ EBITDA was set at €2.92 billion, representing an increase of 23.6% while the turnover increased by 25% to reach €4.65 billion.

For the first 6 months of 2013 the Catalan company Abertis has made a profit of €293, a 62% reduction on last year, according to a report issued by the company to the Spanish Stock Market Authority (CNMV). This year the company has increased its market share in Brazil and Chile and has received part of its income through the sale of its stake in Eutelsat. In spite of the reduction of net profit, the company’s EBITDA is up 23% on last year to €1.43 billion. Abertis specialises in three business areas: airports, toll roads and telecommunication infrastructures. 65% of the firms’ revenue comes from outside Spain.

The highway, airport and telecommunication services management company earned a net profit of €1,024 million in 2012, 42% more than in the previous year, mainly thanks to the sales of Eutelsat and Brisa. The net profit without the surplus value reached €613 million, 2% more than in 2011. The Barcelona-based group presented better results in all of its main financials: revenues increased by 3%, recurrent earning before interest, taxes, depreciation and amortization (EBITDA) by 2%. Abertis emphasised that these results have been reached in a context of economic recession in some of its main markets. However, the traffic increase in the Americas (+4.5%) and Abertis’ efficiency plans compensated for the traffic decrease in southern Europe.

Tests have confirmed that the Chile international player has damaged a ligament in his right foot. FC Barcelona’s player Alexis picked up the injury in Wednesday’s friendly between Chile and Serbia in Switzerland.

The Barcelona-based multinational will manage more than 7,500 kilometres of toll highways worldwide and will increase the company’s annual turnover by €1 billion. The Catalan company Abertis will become the world’s leader in the highway management sector after adding OHL’s concessions in Brazil and Chile. In exchange, OHL would buy ACS’s shares in Abertis, which represent 10% of the Catalan company. The operation is not fully closed yet, pending to be approved by the respective boards, but it has already been officially announced.

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.