Little by little, Spanish companies have been moving into Texas, and they are beginning to enjoy the benefits. In the infrastructure sector, Ferrovial, through its highway subsidiary Cintra, has become a strategic partner with the government in developing the Trans Texas Corridor (TTC-35). OHL, the construction and service company, has acquired two construction firms. BBVA bank has just acquired Compass [Bancshares], whose headquarters are in Alabama, but which has a larger presence in Texas. However, this is only the beginning. Construction firms, engineering companies, road construction companies and banks, among others, have Texas, the paradise of American oil, in their sights. Their goal is not oil wells but infrastructure, and the growing power of America’s Hispanics.
During the 1990s, large Spanish companies crossed the Atlantic in an effort to conquer Latin America with a vigor that was unknown until then. At that time, their business odyssey was compared to the heroic effort made by Christopher Columbus five centuries earlier. Spain had once more found its El Dorado in Latin America -- a territory that, during the era of the Great Spanish Empire, extended as far as New Mexico, as Spain conquered most of what is now the southern part of the U.S.
See full Article.
Posts
