Spain Business
Spain Finance & Business - Mon June 12 2006
By h.b.
Jun 12, 2006 - 5:32 PM

The United States has said that it wants to use the Canary Islands as its base for future investment in Africa. The US Chamber of Commerce is currently working on the setting up of several multinational United States companies on the Canary Islands as a result, taking advantage of certain tax breaks on offer.

The take over bid from Inmocaral for Colonial is now a firm one. The company has reached an agreement with La Caixa to try and buy 100% of its rival real estate firm.

The Spanish BBVA bank is looking at the purchase of the United States bank, Texas Regional Bancshares, according to a report in The New York Times. The paper says that only preliminary conversations have taken place so far.

Spanish ceramics company Roca is seeing spectacular growth in Asia and has now purchased the Eagle company which is the leader in the middle range of the market in China. Roca spent 25 million € on the purchase.

And finally,
High finance and the most expensive hamburger in the world. Madrid restaurant Estik is claiming the honour with the Guiness Book of Records, with a price of 85 €, but it seems that a restaurant in Manhattan is putting up it’s prices again to try and keep the award. Current prices in Manhatten at the DB Bistro Moderne is just 69 dollars.