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Qatari Sheikh Wants To Build Puerto Banus II
Sheikh Abdullah Bin Nasser Al Thani, who recently purchased Malaga FC has unveiled his intention to build a second Puerto Banus style complex in Marbella’s Bajadilla marina. The project would require an investment of 70 million euros and include...
$1 Million Canadian Maple Leaf Coin Snatched by ORO Direct
The $1 million Canadian Maple Leaf coin was snatched by ORO Direct – a gold trading company in Madrid. For 3.27 million Euros, a Spanish gold trading company bought the world’s largest and rarest gold coin in its exact material worth, from the estate...
Judge Approves Sale of Marbella’s Los Monteros Hotel
A Malaga Judge has given green light and authorized the sale of the Hotel Los Monteros in Marbella, which has been closed since 2009. The hotel which is held by the SL companies, Dajoal, Las Dunas Land and Aljoda will be sold to New Monteros S.L. and...
Spanish Judge Declares Insolvency of Travel Group Marsans
The Spanish Judge Ana Maria Gallego issued an order today that declared the insolvency of Viajes Marsans but allows the current management “Posibilitum” to run the company. Travel Marsans is in need of heavy investment to suspend the old pile of payments...
The Agudana Slaughterhouse Closes Leaving 55 Workers Unemployed
Over the past 35 years, The Agudana, one of the largest slaughter houses in Lleida, has gone through heavy debts, change of management and even fires. But now, reports have confirmed that the Agudana slaughterhouse is lined up for a closure that will...
Banco Sabadell to Merge with Banco Guipuzcoano
One of Spain’s most famous banks – Banco Sabadell made an announcement on Friday that pointed towards the agreement for the launch of a takeover campaign. This campaign is intended to merge the small rival bank — Banco Guipuzcoano with Banco...
Spanish Banks Exposed to Stress Tests
The BBVA and Santander – two leading banks of Spain, need to raise a sum of £9 Billion according to the City analysis report. Just a few days ago, these two banks were declared as one of the best banks in Europe, by the governor of the Bank of Spain. Later...
Bancaja and Caja Madrid to retire around 3,400 employees
The famous board of seven; yesterday approved a new protocol for their respective unions during a recent turn of events. Bancaja and Caja Madrid will assure the provision of early retirement to about 3,400 employees with its alliance. The union is being...
Spain’s Viajes Marsans New Owners to Slash Jobs
According to Spanish newspaper reports; the new owners of the troubled Spanish travel group – Viajes Marsans, plan on dismissing over half of the firm’s workers. The turnover and organizational restructuring policies will definitely come as a shock...
