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Monday, June 30, 2014

Private equity struggles to make Spanish bull case, (NYSE: TRI), (TSE: TRI.TO)

In Spain, an uncertain economic outlook and high levels of company debt mean a trickle of private equity deals are unlikely to turn into a flood just yet.Having emerged from a long and deep recession, Spain has been hailed by some investors as a land of opportunity, with its main stock index surging more than 30 percent in the past year, in part in anticipation of deals."The current hype is huge - everyone wants to get a deal," said Alex Wagenberg, managing director of Carlyle Europe Partners in Spain.The optimism, however, has largely failed to translate into transactions. Leveraged takeover activity in Spain totalled 2.8 billion euros ($3.8 billion) in 2013, according to Thomson Reuters data, half that of the 5.6 billion euros in 2007.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.72% or $0.26/share to $36.32. In the past year, the shares have traded as low as $32.36 and as high as $38.73. On average, 801595 shares of TRI exchange hands on a given day and today's volume is recorded at 1498216.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.41% or $0.16/share to $38.73. In the past year, the shares have traded as low as $33.70 and as high as $42.10. On average, 624775 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 360831.



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