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Latino Daily News

Sunday July 20, 2014

Deputy P.M. Meets with Spanish Business Leaders in Peru

Deputy P.M. Meets with Spanish Business Leaders in Peru

Photo: Soraya Saenz de Santamaria

Click Here to Enlarge Photo

Spanish Deputy Prime Minister Soraya Saenz de Santamaria had a working breakfast Sunday with top Spanish business leaders in Peru, one of the most attractive destinations for Spanish investment.

Saenz de Santamaria began the second day of her visit to Peru by meeting with the business leaders at the residence of Spain’s ambassador to Lima, Juan Carlos Sanchez.

Attending the working breakfast were, among others, executives from the following firms: ACS, FCC, Cobra, Ferrovial, Indra, Gas Natural, Telefonica, Abengoa, Red Electrica, Cepsa, Repsol, Mapfre, Sacyr, BBVA and Banco Santander.

Spain, with direct investment of some $4.5 billion in Peru, has become the largest foreign investor in the South American nation, where more than 200 Spanish companies are doing business.

Spanish investment is concentrated in public services such as telecommunications, electricity and energy, but it also enjoys a significant presence in the financial sector.

The deputy prime minister later attended a presentation on the Lima Metro line to be built by a consortium that includes Spain’s FCC and ACS.

FCC CEO Juan Bejar discussed the project - which was awarded in March to FCC and ACS in a consortium with Italian firms Impregilo and AnsaldoBreda and Peru’s Cosapi - with Saenz de Santamaria.

The companies won the bid for Line 2 of the Lima Metro, the largest infrastructure project in the country and one of the largest in the world, for $3.9 billion.

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