Spain is considering creating asset-backed securities from 7 billion euros ($9.7 billion) of mortgages owned by Catalunya Banc SA, a lender rescued by the state in 2011, according to two people familiar with the matter.
Along Lisbon’s Avenida da Liberdade, a half-dozen vacant buildings mar a boulevard lined with gardens, ornately tiled sidewalks and luxury shops that’s considered the Champs-Elysees of the Portuguese capital.
Apollo Global Management LLC, EQT Partners AB and Blackstone Group LP are among the buyout firms considering offers for the telecommunications infrastructure unit of Spain’s largest natural gas supplier Gas Natural SDG SA, according to people familiar with the matter.
Almirall SA dropped the most in more than two months after the Spanish drugmaker said it must hold an additional meeting with U.S. regulators before seeking approval to sell a new treatment for a lung disorder.
For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
Pescanova SA stakeholders held a second day of talks a week before the Spanish fishing company must agree on a debt restructuring or begin a process of liquidation, according to a person familiar with the matter.