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criteria
Business
The Italian Investindustrial buys the remaining 50% of PortAventura, owned by Criteria Caixa Holding
The Catalan theme park PortAventura, located on the Costa Daurada, between Tarragona and Salou, will be completely controlled by Investindustrial, a fund run by the Bonomi family. Portaventura is the only profitable theme park in Spain and one of only a few in Europe. Investindustrial is buying the remaining 50% of the park for €105 million. Furthermore, they have announced a future investment of €80 million to foster the park’s international expansion. PortAventura is located next to the land where the €6 billion mega-resort Barcelona World will be built. The Italian group has a consolidated trajectory of investing large amounts of capital in businesses from a wide range of sectors to ensure growth.
Business
CaixaBank, the new retail bank by La Caixa, will start trading in the Stock Exchange on July 1st
The transformation of the savings bank La Caixa’s industrial holding, Criteria into the private bank CaixaBank is reaching the final stage. Criteria’s stockholder board approved duplicating the current stocks by issuing 300,000 convertible bonds. The new bank expects increasing its market share in Spain by 50% through business activity increase and new acquisitions in the period 2011-2014. The announcement is made the day after billionaire Carlos Slim bought 900,000 CaixaBank stocks.
Business
Gas Natural Fenosa and Criteria Caixa are among the top 10 Spanish companies according to ‘Forbes’
The Catalan firms have their headquarters in Barcelona. Gas Natural Fenosa is Spain’s sixth largest company and Criteria Caixa the seventh according to the magazine. In the ‘Forbes’ Global 2,000 List, which ranks the 2,000 world’s largest companies, Gas Natural occupies 269th place and Criteria Caixa 322nd.
Business
Criteria CaixaCorp’s net profit increased by 38% in 2010
The industrial holding of the main Catalan savings bank, ‘la Caixa’, made 1,823 million euros of net profit in 2010. Criteria will be the embryo of La Caixa’s new private bank, which will be called CaixaBank.
Business
Catalan savings bank 'La Caixa' to create new listed bank 'CaixaBank'
'La Caixa' will get share listing by transforming its industrial holding company 'Criteria' into a bank. The new financial institution will become one of the top 10 banks in the Eurozone
Business
Criteria increase its profit by 35% in 2010 thanks to international investments
Criteria CaixaCorp is the holding company of La Caixa savings bank. Criteria had a profit of 1,529 million euros in September. Profits from investments in foreign financial companies increased by 72%
Business
ACS sells stake in Abertis to CVC
With a 15.5% stake in the Catalan infrastructure group Abertis, the private equity group CVC will become the company?s second largest shareholder