An end to the economic pain

Article Abstract:

There were signs of a significant improvement in the Spanish economy in 1996. Underlying inflation declined by 1% from the 1995 level of 3.1%, while exports of goods and services increased by 9.4% and imports fell by 6.6%. The level of merger and acquisition activity in 1996 was very similar to that of 1995. Purchases abroad by Spanish companies rose from 36 to 55, while foreign purchases in Spain were down to 119, from 124. The leading foreign purchaser was the UK, with 25 deals.

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Better times ahead

Article Abstract:

Foreign companies made 153 purchases in Spain in 1994, up from 128 in 1993. France was the largest acquiror, with 29 deals, followed by the UK with 22. The expansion of the Spanish economy has led to a rise in the number and value of acquisitions by foreign concerns. The three recent devaluations of the Spanish peseta have also made Spanish companies more attractive to foreign purchasers.

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Buyouts continue to gain acceptance

Article Abstract:

Spanish companies are getting used to the idea of buyouts although family-run firms are more reluctant. The euro has helped make Spain more attractive to private investors.

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