Editor’s note: This article was first published in June 2011, and its figures on Spanish investment in Peru (about $4.5 billion in total, $2.9 billion in telecoms) and the 2011-2012 growth outlook are from 2011.
After Brazil and Chile, Peru has the third-best economic outlook for 2011–2012. We’d better hope so, because Spain has become the country’s main investor, ahead of the United Kingdom and the United States.
Spain has put around $4.5 billion into investments through Spanish companies in the IBEX 35 (Spain’s benchmark stock index). Of that, $2.9 billion has gone into the telecoms sector, with Telefónica as the main investor.
The second-largest sector for Spanish investment has been energy, with $700 million invested by Spain’s Endesa.
Banks have invested about $470 million through BBVA and Santander. There are also infrastructure investments, where Abengoa, Acciona, Acerinox, Iberdrola and OHL have put smaller amounts into the country.
In other words, right now the share prices of Spanish companies are somewhat tied to Peru’s future. If Peru manages to lift its economy, Spain comes out ahead.
Further reading
Featured image: Sen67howard, CC BY-SA 3.0, via Wikimedia Commons.
