Tabacalera propone a sus socios canarios sacar Cita a bolsa

Article Abstract:

Spanish cigarette company Tabacalera is reportedly proposing that the controversial company in the Canary Islands, Cita, be listed on the stock market. Cita produces Coronas brand cigarettes. Tabacalera has a 50% stake in the company, while the Zamorano Saenz family has the other 50% through a company called Atic, and the proposal would involve the listing of approximately 25% of the company. Both Tabacalera and Atic have had problems in the past and are unable to reach an agreement on the value of Cita, which the Atic family claims is Pta 11,000mn, and Tabacalera claims is at least twice the amount.

Comment:

Is reportedly proposing that the controversial company in the Canary Islands, Cita, be listed on the stock market

Securities issued, listed, Parent-to-subsidiary activities, Cigarettes, Cigarette Manufacturing, Tabacalera S.A., Cita

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Renfe acudira al capital privado desde 1999 por el recorte de ayudas

Article Abstract:

In a board meeting to be held at the end of October, 1998, Spanish rail operator Renfe is expected to begin analysing the possibility of allowing the entry of private capital on some of the more profitable lines for the 1999-2003 period. In 1999 Renfe will receive Pta 20,000mn less from the government than the Pta 251,000mn it was planning on, according to the company's Paif (Action, Investment and Financing Plan). Renfe is expecting its revenues from traffic to increase 5.7% in 1999 to Pta 184,000mn. The figure is expected to increase to Pta 215,000mn in the year 2002.

Comment:

Will begin analysing possibility of allowing entry of private capital on some of more profitable lines for 1999-2003 period

Strategy & planning, Rail Mass Transit, Urban Transit Systems, Red Nacional de los Ferrocarriles Espanoles

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San Miguel volvio a los beneficios en 1997

Article Abstract:

Spanish brewery San Miguel has reached a 15.2% share of the beer market in Spain, due to the launch of its extra beer Nostrum and Ice Beer, as well as to a new corporate image and expansion plan. In 1997 the group registered sales totalling Pta 38,099mn, up 5.6% compared to the previous year. Net profits stood at Pta 1,802mn, compared to losses of Pta 1,106mn in 1996 due to job cuts. Some 3,783,468 hectolitres of beer were produced by San Miguel in 1997, up 3.7% on 1996.

Comment:

Reaches 15.2% share of the beer market in Spain, due to the launch of its extra beer Nostrum and Ice Beer

Beer & Other Malt Beverages, Breweries, Market share, Malt beverages, San Miguel (Spain)

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