Latest news:

Tiny Spanish soccer listing may spur deals

Jun 15, 2021

Redacción Mapfre

A sporting minnow poised to become Spain’s first publicly quoted soccer club could blaze a trail for bigger teams to follow suit, according to Luis García, fund manager at MAPFRE AM.

Last month, shareholders of CF Intercity backed plans outlining the way forward to take the Spanish fourth-division team, which is based in Sant Joan d’Alacant, a town on the Mediterranean coast, public. At about 4.5 million euros, its initial market valuation will be modest to say the least.

Even so, Luis García, portfolio manager of MAPFRE AM Behavioral Fund, in an interview with Bloomberg, said the listing is “great news”, adding that “Intercity isn’t going to be the only one – it’ll open the door to the stock exchange for more clubs.”

Click here to read the full article.

The Spanish economy remains strong: “2025 will also be a solid year”

Spain's GDP grew by 3.2% last year, marking a half-point increase over 2023, as confirmed by the National Statistics Institute (INE) this Wednesday. This is a positive figure that, according to Alberto Matellán, General Manager of La Financière Responsable, “should be viewed with optimism.”

How to declare your investments to the Spanish tax authorities

As with every year at this time, filing the income tax return becomes a major concern for most Spaniards.

Fed holds rates steady; remains vigilant on evolving risks

The U.S. Federal Reserve decided to keep the benchmark interest rates unchanged at the range of 4.25%-4.50% for the second consec-utive time.