Spain

The Spanish government is working against the clock to reach a deal with builders over a multibillion euro bail-out for nine bankrupt motorways which could directly hit the country's deficit, Reuters reported. Talks that have dragged on for months w ...

Daily Headline - global.abi.org - 03/09/2014 - 21:51 - 0 comments

Spain's government on Friday approved new rules to help struggling companies cut debt and avoid bankruptcy as the country heads into economic recovery with weak job growth, Reuters reported. The overhaul is designed to ease loan refinancings by maki ...

Daily Headline - global.abi.org - 03/09/2014 - 21:53 - 0 comments

Pescanova SA, the Spanish fishing company whose former board hid more than 2 billion euros ($2.7 billion) of debt, is asking lenders to take nominal losses of as much as 97.5 percent as part of restructuring proposals, Bloomberg News reported. Shareholde ...

Daily Headline - global.abi.org - 03/04/2014 - 23:04 - 0 comments

Spain launched the privatization of its largest bailed-out lender, Bankia SA, marking a turning point in the country's revamp of its banking industry, The Wall Street Journal reported. The Spanish government is to sell 7.5% of its stake in Banki ...

Daily Headline - global.abi.org - 02/27/2014 - 22:31 - 0 comments

Spanish entertainment company Zinkia, owner of the children's TV character Pocoyo, entered administration on Wednesday, the latest Spanish company to seek protection from creditors in an economic slowdown, Reuters reported. Despite reaching agreemen ...

Daily Headline - global.abi.org - 02/26/2014 - 22:15 - 0 comments

Spain's government is studying measures to help struggling companies restructure their debts, which could include transferring banks' exposures to such firms to a newly-created external fund, a banking source familiar with the talks said. Spani ...

Daily Headline - global.abi.org - 02/23/2014 - 23:17 - 0 comments

Codere SA (CDR) formally rejected a final restructuring proposal from bondholders less than three months before the Spanish gaming company’s deadline to agree to a restructuring or request full creditor protection, Bloomberg News reported. The plan bondh ...

Daily Headline - global.abi.org - 02/18/2014 - 22:58 - 0 comments

When José Ignacio Goirigolzarri came out of retirement to take the helm of Spain's biggest distressed lender, more than his own reputation as a first-rate banker was at stake. So was the reputation of Spain's financial system, whose woes had un ...

Daily Headline - global.abi.org - 02/12/2014 - 23:29 - 0 comments

At least a dozen large international investors are lining up to look at a large Spanish property-loan portfolio sale that will take the temperature of one of Europe's most distressed real-estate markets, The Wall Street Journal reported. Commerz ...

Daily Headline - global.abi.org - 02/11/2014 - 23:25 - 0 comments

Commerzbank has sold some of its property loans in Spain, as it continues to rid itself of the assets held in its so-called “bad bank”, the Financial Times reported. The German lender said it had sold non-performing loans worth €710m from its Spanish ...

Daily Headline - global.abi.org - 02/06/2014 - 22:32 - 0 comments