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MADRID, Jan 26 (Reuters) - Investment fund Oakley Capital has agreed to invest 175 million euros ($212 million) in a minority stake in Spanish property portal Idealista, just four months after Sweden’s EQT bought the platform for $1.58 billion.
Idealista, which operates in Spain, Portugal and Italy and receives 38 million monthly visitors across the region, has grown rapidly in recent years as Spain’s real estate market gradually recovered from a devastating crash in 2008.
It has over 1.5 million properties listed in Spain, as well as 1 million in Italy and 300,000 in Portugal.
EQT’s purchase of the company in September signalled the opening of a phase of consolidation in Spain’s property sector, which is still composed of numerous relatively small players.
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DUBAI (Reuters) - Bahrain’s Gulf Air is in talks with Airbus and Boeing to delay some aircraft deliveries as the pandemic continues to distrupt global travel, its acting chief executive said on Sunday.
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Airlines around the world have pushed back deliveries and cancelled orders, expecting a years-long recovery from the pandemic that has crushed global travel demand.
State-owned Gulf Air expects Airbus A320neo deliveries to be put on hold until 2022, though it hopes to receive at least three larger A321neos this year, Acting CEO Waleed Abdulhameed Al Alawi told Reuters.
It is also in talks with Boeing over a new delivery schedule for five 787-9 Dreamliners it has on order, though it will receive some this year, he said.
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(Adds Eurohold comment, details, background)
SOFIA, Jan 19 (Reuters) - Czech utility CEZ has won regulatory approval to sell its Bulgarian assets to local financial group Eurohold, Bulgaria’s energy regulator said on Tuesday, clearing a long-delayed 335 million euro ($406.22 million) deal.
CEZ, central Europe’s largest list utility, has been seeking to pull back from most foreign markets and focus more on growing its renewables and energy services businesses, including in neighbouring Germany.
The sale of its Bulgarian assets follows a deal to sell its Romanian operations to Macquarie Infrastructure and Real Assets (MIRA).
Eurohold said it wants to create a leading regional utility and that it has now obtained all regulatory approvals for the deal, which was struck in June 2019 but was initially blocked by the competition regulator.