Promotora de Informaciones SA is seeking to reach an agreement with creditors to refinance more than 3 billion euros ($4 billion) in debt as early as this week, according to two people familiar with the matter.
Fagor Electrodomesticos Soc. Coop., an employee-owned appliance maker based in Spain’s Basque Country, said its Polish unit sought creditor protection while the parent continues to negotiate with lenders.
Novacaixagalicia, a Spanish savings bank group, may increase the amount requested from the bank rescue fund created by the Spanish government, Cinco Dias reported, citing unidentified people familiar with the matter.
Mercapital SL plans to open an office in Colombia within four months, becoming the first Spanish private equity firm to set up in the Latin American nation, Cinco Dias reported, citing Chairman Javier Loizaga.
Novacaixagalicia, a grouping of Spanish savings banks, is holding talks with 27 investors as it seeks to sell a 25 percent stake in its new bank, Cinco Dias reported, citing people at the company it didn’t identify by name.