Can Spanish Companies Rely on Latin America

Cita: 

Sills, Ben y Randy Woods [2012], “Can Spanish Companies Rely on Latin America?”, Business Week, New York, 17 de mayo, http://www.bloomberg.com/bw/articles/2012-05-17/can-spanish-companies-re...

Fuente: 
Business Week
Fecha de publicación: 
Jueves, Mayo 17, 2012
Idea principal: 

Hundreds of Spanish companies have heavy exposure to the Latin American economy. Since 1992, Spanish corporations have spent $117 billion on Latin American deals, according to Bloomberg data. The acquisitions have been pretty constant, especially over the last 10 years, prompting journalists to dub the phenomenon the Reconquista, in reference to the conquistadors of the 16th century. Spanish executives wagered that the region had left behind the instability that saw Venezuela nationalize its oil industry and Chile seize its copper mines in the 1970s. On the whole, the bet has paid off, though the Spanish had to ride out Argentina's 2002 devaluation and debt default. Spain's 200 publicly traded companies generate 18% of their revenue in Latin America according to Bloomberg data -- a vital prop to these companies as Spain struggles to grow.