US EditionThe New Sovereign Fund Will Raise Ico’s Investment Capacity to 60 Billion
17 Articles
17 Articles
The obsession with assaulting companies with public money while sinking companies and putting acolytes in them forces us to wonder about their intentions.
As happened with the endorsements to companies to respond to the pandemic, the invasion of Ukraine and the Trump administration's tariffs, the government has a fourth special mission for the ICO. The state credit bank will become the tool to get the European funds of the NextGeneration program, the largest investment stimulus plan of the last decades, to continue to animate the economy beyond this year, when its conclusion is foreseen. For this,…
The "ambitious" new fund, whose details will be presented by the government next week, will be based on European funds, will be managed by the ICO and among the priority sectors will be industrialised housing
At the beginning of last December the sovereign fund of Norway, the largest in the world, assured that the Spanish real estate market was "strategic" and that it planned to increase its presence in the sector from 3.3% today, even reaching a percentage of 7%. As the Nordic, other investment funds of this type have put the target in the country, with large Spanish companies such as Telefónica, Naturgy or Talgo on its radar, as well as other heavy…
Last Thursday, Pedro Sánchez announced the creation of a sovereign wealth fund to acquire shares in large listed companies with €10.5 billion from the NEXT funds, and of course, I, being Basque, experienced a sense of déjà vu upon hearing it. Read more
Pedro Sánchez announces the "Spain Grows" sovereign fund with €10.5 billion (Symbolic image - AI generated) AI Generated Stock Image The Spanish Prime Minister, Pedro Sánchez, has announced the creation of a new sovereign fund called "Spain Grows" that will use €10.5 billion of unspent Next Generation EU funds. The initiative responds to the failure of the PERT Chip program, which, after almost three years of activity, has left more than €10 bil…
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