For more than five years now, the discreet Alba has shown a pronounced trend to divest slowly but progressively its shareholdings in large “historical” listed companies with the aim to purchase stakes in smaller listed or unlisted Spanish companies. This was particularly the case with the stakes held in ACS and Acerinox. Despite the difficulties in the construction sector in Spain, Alba was known to be waiting to sell with capital gains. The 2016 consolidated net profit was booste
14 Jun 2017
Capital development of the blue-blooded sort
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Capital development of the blue-blooded sort
Corporacion Financiera Alba, S.A. (0HA8:LON) | 0 0 0.0% | Mkt Cap: 2,105m
- Published:
14 Jun 2017 -
Author:
Pierre-Yves Gauthier -
Pages:
3
For more than five years now, the discreet Alba has shown a pronounced trend to divest slowly but progressively its shareholdings in large “historical” listed companies with the aim to purchase stakes in smaller listed or unlisted Spanish companies. This was particularly the case with the stakes held in ACS and Acerinox. Despite the difficulties in the construction sector in Spain, Alba was known to be waiting to sell with capital gains. The 2016 consolidated net profit was booste