Spain riding high as M&A action returns

Pablo Pallas Citi head of M&A
By David Rothnie
23 Oct 2014

Spain’s capital market boom is being undermined by the return of local lenders, but international banks are well placed to capture a bulging M&A pipeline, writes David Rothnie.

Back in March, bankers were all set to issue high yield bonds for Spanish wind turbine company Gamesa, but after a series of meetings, the project ran out of puff. Instead of heading for the capital markets where it could raise debt at 7%, ...

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