Actividades de Construccion & Servicios SA Chairman Florentino Perez said Marcelino Fernandez Verdes, chief executive officer of German subsidiary Hochtief AG, will succeed him at the helm of Spain’s largest builder.
Barcelona, the four-time European soccer champion, said it paid 13.6 million euros ($18.7 million) to Spanish tax authorities today to cover a possible shortfall when it signed Brazilian player Neymar.
Chairman Ignacio Galan of Iberdrola SA, the world’s biggest producer of renewable energy, has battled for five years to limit the influence of his largest investor. Galan is about to lose one of his best tools.
Actividades de Construccion y Servicios SA’s chief executive officer, Florentino Perez, traveled to China recently in search of Chinese investors to participate in business ventures, El Confidencial reported, citing unidentified people in banking.