Publications
December 2012
December 2012
SPAIN
The M&A sector in Spain finishes the year with a reduction in number of deals and conclusion of some pending transactions. Ferrovial sold a 10.62% stake in FGP Topco, mother company of BAA, to Arab investment fund Qatar Holding. Highlights, this month, include a divestment cadence by several Spanish groups. Among these were BBVA, Banco Santander and Repsol, which sold non-strategic assets abroad. The year 2012 registered similar investment values compared to previous year, although specialists estimate that 2013 will have better growth perspectives.
PORTUGAL
In a year of financial assistance and deficit control measures, the Portuguese transactional market was particularly active in December. Several mergers and acquisitions and a fair amount of foreign investment was registered. Worthy of note was the transactional activity mainly in the financial and energy subsectors. A major highlight was the privatization conclusion of ANA - Aeroportos de Portugal. Race winner was VINCI Concessions, which offered EUR 3,080m.
