Corporación Financiera Alba
Corporación Financiera Alba is a Spanish investment holding company founded in 1986 and listed on the Continuous Market of the Spanish stock exchanges.
The company is part of the March Group, one of Spain's leading private family-owned business and financial groups, which also includes Banca March and the Juan March Foundation.
As of March 31, 2021, Corporación Financiera Alba's net asset value amounted to 4609 million euros.
History
Corporación Financiera Alba has its origins in Cementos Alba, a Spanish cement company controlled by the March Group, which began manufacturing cement in the 1950s. In 1986, Hornos Ibéricos, also a cement company whose majority shareholder was the Holderbank group (now Holcim Ltd), acquired its cement plants and concrete subsidiaries.
As a result of the sale of these industrial assets, Cementos Alba changed its name to Corporación Financiera Alba and used the proceeds from the divestment to become a financial holding company with a diversified portfolio of holdings in industrial and service companies.
Some of Corporación Financiera Alba's most representative investments, excluding the current ones, have been:
- Airtel, later Vodafone
- Banco Urquijo
- Carrefour
- Cerveza San Miguel
- Ginés Navarro, later ACS
- Uralita Group
- Pryca hypermarkets
- Media Planning Group, later Havas
- Simago
- PRISA TV
Investment areas
In accordance with its bylaws, Corporación Financiera Alba's investments are not restricted by geographic area, sector or type of financial asset. At present, its investments can be grouped into three categories:
| Area of investment | % on Alba's assets (a 31/12/2019) |
|---|---|
| Holdings in listed companies | 70,7% |
| Growth capital (non-listed companies) | 21,2% |
| Real estate assets | 8,1% |
Holdings in listed companies
The companies in Corporación Financiera Alba are Spanish companies that derive a substantial part of their revenues from their international activities. Its shareholdings are always minority stakes but are significant enough to give it access to the management bodies of the companies in which it invests.
Listed companies in which Corporación Financiera Alba is a shareholder:
| Society | Participation |
|---|---|
| Global Dominion Access, S.A. | 5% |
| CIE Automotive, S.A. | 12,73% |
| Viscofan, S.A. | 13% |
| Ebro Foods, S.A. | 14% |
| Acerinox, S.A. | 19,4% |
| Naturgy Energy Group, S.A. | 5,4% |
| Befesa | 5,1%[1] |
Development capital (unlisted companies)
Corporación Financiera Alba managed -until January 2022- several investments through the private equity company Deyá Capital (62.5% owned by Alba), which has now been dissolved.[2]
The holding company's investment portfolio includes:
| Society | Participation |
|---|---|
| in-Store Media | 18,9% |
| Monbake | 3,7% |
| Satlink | 28,1% |
| Telepizza | 3,3% |
| Alvic | 7,76% |
| Nuadi | 37,4% |
| Preving | 24,8% |
| Verisure (direct investment) | 6,25% |
| Atlantic Aviation | 12%[3] |
| ERM Worldwide Group Limited | 14%[4] |
| Parques Reunidos Servicios Centrales, S.A. | 24,98% |
| Technoprobe | 3%[5] |
Real estate assets
Corporación Financiera Alba's real estate investments consist primarily of office buildings located in prime areas in the center and outskirts of Madrid and Barcelona, with a total surface area of more than 80,000 m².
The Company focuses on operating its own properties on a rental basis.
Significant shareholders
| Shareholder | % Participation |
|---|---|
| Banca March | 15,022% |
| Juan March Delgado | 18,726% |
| Gloria March Delgado | 3,700% |
| Catalina March Juan | 4,270% |
| Juan March de la Lastra (counselor) | 7,084% |
| Carlos March Delgado (counselor) | 19,25% |
| Juan March Juan (counselor) | 4,454% |
Source: CNMV (January 2020)
Board of directors
| Position | Name of Director |
|---|---|
| Chairman | Carlos March Delgado |
| Vice President | Juan March de la Lastra |
| Chief Executive Officer | Santos Martínez-Conde Gutiérrez-Barquín |
| Coordinating Director | José Domingo de Ampuero y Osma |
| Board Member | Ramón Carné Casas |
| Board Member | María Eugenia Girón Dávila |
| Board Member | María Luisa Guibert Ucín |
| Board Member | Ana María Plaza Arregui |
| Board Member | Claudia Pickholz |
| Board Member | Antón Pradera Jáuregui |
| Secretary-Counselor | José Ramón del Caño Palop |
Notes
References
- "Corporación Financiera Alba invierte 70 millones en Befesa y alcanza ya el 5,1% de su capital social". europapress.es (in Spanish). 2021-06-17. Retrieved 2022-11-08.
- "Alba liquida su vehículo Deyá Capital SCR". europapress.es (in Spanish). 2021-01-12. Retrieved 2022-11-08.
- Lapetra, Ruben (2021-07-30). "Los March (Alba) invierten 350 millones en un proveedor de aerolíneas en EEUU". lainformacion.com (in Spanish). Retrieved 2022-11-09.
- "Corporación Financiera Alba adquiere el 14% de Nature Topco por casi 250 millones de euros". europapress.es (in Spanish). 2021-07-30. Retrieved 2022-11-09.
- "Alba invierte 95 millones en el 3% de la italiana Technoprobe". expansion.com (in Spanish). 2022-02-15. Retrieved 2022-11-09.