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Laboral Kutxa
Laboral Kutxa is a Basque credit union that provides banking, savings and investment services. It was created in March 2012 as a result of the merger of two smaller credit unions. The Caja Laboral Popular Sociedad Cooperativa de Crédito (known as Caja Laboral in Spanish or Euskadiko Kutxa in Basque) and Ipar Kutxa Rural Sociedad Cooperativa de Crédito (known as Ipar Kutxa). The merger project was announced in March 2012 and completed eight months later, in September 2012, with an officially launch in April 2013. , it is also the third largest financial institution in the Basque Country (after Kutxabank and BBVA). History Caja Laboral – Euskadiko Kutxa Caja Laboral – Euskadiko Kutxa was founded in 1959 by José María Arizmendiarrieta, a young catholic priest who had arrived to the small town of Mondragón in 1943 and had since then stablished a technical college and had helped create a few co-operatives, such as ULGOR (later known as Fagor), Funcor (currently Fagor Eder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mondragón
Mondragón (in Basque: Arrasate) officially known as Arrasate/Mondragón, is a town and municipality in Gipuzkoa Province, Basque Country, Spain. Its population in 2015 was 21,933. Toponymy The current official name of the municipality is Arrasate/Mondragón. This dual designation resolves a dispute that dates back several decades and establishes that the municipality is called both Arrasate and Mondragón in either of the two official languages, Spanish or Basque. In Basque, the term ''Mondragoe'' is also used, a Basque adaptation derived from the Romance Mondragón. Economic and historical significance The town is best known as the birthplace of the Mondragon Corporation, the world's largest worker cooperative, whose foundation was inspired in the 1940s by the Catholic priest José María Arizmendiarrieta. In 2002 the MCC contributed 3.7% to the total GDP of the Basque Country and 7.6% to the industrial GDP. The valley of the High Deba where the town is located enjoyed a hig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fagor Arrasate
Fagor Electrodoméstico was a large domestic and commercial appliance manufacturer based in the Basque Country, Spain and run by the Mondragon Corporation. Fagor was Spain's largest consumer appliance company and the fifth largest electrical appliance company in Europe, manufacturing a wide range of domestic appliances, including washing machines, refrigerators and ovens. History Fagor Electrodoméstico was the world's biggest industrial worker cooperative for decades, the flagship of the Mondragon Corporation, the world's largest workers' co-operative. It started in 1956 in a small workshop in Mondragón, Spain. From the Spanish market, it expanded internationally to North Africa and Latin America in the late 1980s. From 1996 to 2001, Fagor formed joint ventures with international companies. In 1999, Fagor acquired Wrozamet in Poland. The acquisition of Brandt Electroménager in 2005 made it the leader in household appliances in France. Among European manufacturers, it ranke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Navarre
Navarre ( ; ; ), officially the Chartered Community of Navarre, is a landlocked foral autonomous community and province in northern Spain, bordering the Basque Autonomous Community, La Rioja, and Aragon in Spain and New Aquitaine in France. The capital city is Pamplona (). The present-day province makes up the majority of the territory of the medieval Kingdom of Navarre, a long-standing Pyrenean kingdom that occupied lands on both sides of the western Pyrenees, with its northernmost part, Lower Navarre, located in the southwest corner of France. Navarre is in the transition zone between the green Cantabrian Coast and semi-arid interior areas and thus its landscapes vary widely across the region. Being in a transition zone also produces a highly variable climate, with summers that are a mix of cooler spells and heat waves, and winters that are mild for the latitude. Navarre is one of the historic Basque provinces: its Basque features are conspicuous in the north, but vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBVA
Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, and is present mainly in Spain, Portugal, Mexico, South America, Turkey, Italy and Romania. The bank was founded as Banco de Bilbao, on 28 May 1857, in Bilbao. BBVA's operational headquarters are located in Madrid, in the Ciudad BBVA complex. It is Spain's second-largest bank after Banco Santander. It is listed on the Madrid Stock Exchange, the New York Stock Exchange and on the Mexican Stock Exchange. It is also a part of the IBEX 35 as well as the Dow Jones EURO STOXX 50. As of 31 December 2024, BBVA's assets amounted to around €772 billion, making it the second-largest Spanish financial institution by volume of assets. At that same date, it had 5,949 offices, 125,916 employees and 77.2 million customers, and was present in more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kutxabank
Kutxabank is a Spanish bank founded and based in Bilbao. It was officially created on 1 January 2012 out of the merger of three Basque financial institutions operating in their respective provinces: Bilbao Bizkaia Kutxa (BBK), based in Bilbao; Gipuzkoa Donostia Kutxa (Kutxa), based in San Sebastián; and Caja Vital Kutxa (Vital) based in Vitoria-Gasteiz. As required by the Spanish Government's bank merger deadline, all three institutions ceased to exist as savings banks after a long period of internal deliberation and integration. Kutxabank operates in Andalusia and Extremadura with the brand CajaSur. Kutxabank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gipuzkoa
Gipuzkoa ( , ; ; ) is a province of Spain and a historical territory of the autonomous community of the Basque Country. Its capital city is Donostia-San Sebastián. Gipuzkoa shares borders with the French department of Pyrénées-Atlantiques at the northeast, with the province and autonomous community of Navarre at east, Biscay at west, Álava at southwest and the Bay of Biscay to its north. It is located at the easternmost extreme of the Cantabric Sea, in the Bay of Biscay. It has of coastline. With a total area of , Gipuzkoa is the smallest province of Spain. The province has 89 municipalities and a population of 720,592 inhabitants (2018), from which more than half live in the Donostia-San Sebastián metropolitan area. Apart from the capital, other important cities are Irun, Errenteria, Zarautz, Mondragón, Eibar, Hondarribia, Oñati, Tolosa, Beasain and Pasaia. Gipuzkoa is the province of the Basque Country in which the Basque language is the most ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankoa Crédit Agricole
Bankoa (stylized in all lowercase) is a traditional Spanish bank founded in 1975 and located in San Sebastián. The original name was the ''Banco Industrial de Guipúzcoa'' and worked as an industrial bank. In 1997, it was acquired by the Crédit Agricole, the name was changed to ''Bankoa,'' and it became a universal bank. In July 2020, Abanca and the Crédit Agricole group signed a preliminary agreement for the purchase of the latter's shares in Bankoa. On January 28, 2021, Abanca completed the purchase of Bankoa. The Galician entity formalized the acquisition of 99.81% of Bankoa's capital for 122.4 million euros. To the owners of the remaining nearly 0.2% of the shares, Abanca offered 18.3 of its own shares for each share of Bankoa. On November 14, 2021, ABANCA completed the integration of Bankoa with the completion of the last two operations of the process: the brand implementation and the transfer of the activity to ABANCA's technological and operational platform. ABANCA wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (law), company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are publicly listed, in contrast to the mergers and acquisitions, acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offer. It can also include shares in the new company. Takeover types Friendly takeover A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an tender offer, offer for another company, it usually first informs the company's board of directors. In a private company, because the shareholders and the board are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biscay
Biscay ( ; ; ), is a province of the Basque Country (autonomous community), Basque Autonomous Community, heir of the ancient Lordship of Biscay, lying on the south shore of the Bay of Biscay, eponymous bay. The capital and largest city is Bilbao. Biscay is one of the most renowned and prosperous provinces of Spain, historically a major trading hub in the Atlantic Ocean since medieval times and, later on, one of the largest industrial and financial centers of the Iberian Peninsula. Since the extensive deindustrialization that took place throughout the 1970s, the economy has come to rely more on the Tertiary sector of the economy, services sector. Etymology It is accepted in linguistics (Koldo Mitxelena, etc.) that ''Bizkaia'' is a cognate of ''bizkar'' (cf. Biscarrosse in Aquitaine), with both place-name variants well attested in the whole Basque Country (greater region), Basque Country and out meaning 'low ridge' or 'prominence' (''Iheldo bizchaya'' attested in 1141 for the Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Spain
The Bank of Spain (, ) is the national central bank for Spain within the Eurosystem. It was the Spanish central bank from 1874 to 1998, issuing the peseta. Since 2014, it has also been Spain's national competent authority within European Banking Supervision. It was originally established by Charles III in Madrid in 1782, as the ''Banco Nacional de San Carlos'', and took its current name in 1856. Its activity is regulated by the Bank of Spain Autonomy Act. The bank doesn't translate its name to English but uses its Spanish name in all English communications. The Bank of Spain holds 9.1 million troy ounces of gold (around 283 tons) (2019), which are stored in its own vaults and in various institutions in London and New York. According to IMF data, Spain ranks 20th among the 40 largest gold reserves in the world (as of July 2015). In January 2021, the snowstorm "Filomena" caused the clock at the Bank of Spain to freeze for the first time in 130 years. This occurred at 11:35 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
