End of an era for Atrápalo. The Ávoris group, owned by Barceló, announced this Thursday an agreement to buy 100% of the online travel and leisure platform. The operation is subject to approval by the National Commission for Markets and Competition (CNMC) and is part of the hotel company’s growth strategy to strengthen its position in the online travel agency business. Neither party has made the purchase amount public.
Starting gun for the new Grifols plant in Lliçà de Vall. The President of the Spanish Government, Pedro Sánchez, laid the first stone of the facilities this Wednesday, which will begin operating in 2030. The Catalan blood derivatives company will add this complex to the one it already has in Parets del Vallés to create a 25-hectare biotechnology hub that will have more than 3,700 employees. Of these jobs, 400 will be newly created.
The pressure from the Trump Administration is forcing more and more Spanish companies to drastically reduce their activity in Cuba. The latest to give in has been the hotel chain Meliá, which will stop managing 15 of its establishments on the island, the company announced this Wednesday. The decision comes just one day after Iberostar announced its exit from 12 establishments and adds to the moves taken in recent months by Minor Hotels and Royalton Hotels & Resorts.
Mango maintains its expansion plans despite the murder charge against its owner, Jonathan Andic. The company is preparing to make a giant leap in two of its main revenue markets, France and Italy, with a million-dollar investment and the forecast to open dozens of stores in the next two years.
“You build highways.” With this phrase, ACS CEO Juan Santamaría illustrated this week the reaction of the executives of the major tech companies when the infrastructure group approached them to inform them of their ability to build data centers, battery factories, or semiconductor production plants. The disbelief with which Silicon Valley received ACS contrasts with the current situation, in which the company is in a position to participate in some of the most complex projects of the moment. This was one of Santamaría’s own messages this week at a conference organized in Madrid by the La Caixa Foundation.
The question had been hovering over Mango for months, although it had not been voiced aloud: could the heir to the textile empire remain in the vice presidency while the judicial investigation into his father’s death progressed?
The Management of Renault Spain and the trade unions UGT, CCOO, and SCP have reached today a preliminary agreement on wage costs, flexibility, employment, and social aspects, among others, which brings the allocation of five new models closer to the Spanish factories of the group, according to a statement from the French automaker.
The BBVA board of directors met this Tuesday in Barcelona on a day marked by the entity’s commitment to innovation and business transformation. The Catalan capital also hosts the corporate banking sessions organized by the bank, a meeting that brings together more than a hundred client companies from all over Spain and has AI as one of its main topics.
The board of directors of Indra has appointed Josep Maria Recasens as the new CEO of the company this Tuesday, replacing José Vicente de los Mozos, who leaves the position after three years and after working with as many presidents. The appointment comes at the proposal of the Appointments Committee, which spent last week selecting its candidate for the position.
Thinking about medium and long-term investment forces you to ask an uncomfortable question: what part of my wealth depends, day by day, on what the markets dictate? Simply put, in Spain a significant part of family financial savings is channeled into products linked to market performance — stocks, investment funds, or fixed income. The result is well known: the portfolio can go through periods of volatility when economic conditions change (inflation or interest rates) or geopolitical tensions arise that affect economies.