AGP Executive Report
Last update: 11 hours agoAI Investment: Valencia-based iPronics named co-founder Daniel Pérez-López CEO after a $125 million funding round backed by NVIDIA and other investors, as it scales optical switching for AI data centres. Energy Assets: CPPIB is exploring a sale of its stake in Nedgia, Spain’s largest gas grid, though talks are at an early stage. Galp’s planned refinery deal with Moeve has also fallen through. Business Results: Dia lifted sales in Spain 11.5% to €4.56 billion in the first nine months of 2026. Costs and Demand: Spanish industrial prices rose 18.3% year on year in September, while rural tourism prices have climbed 31% since 2019 as domestic demand weakens. Spain’s tourism sector is still forecast to exceed $302 billion in 2026. Corporate Tech: Telefónica bought a 10% stake in Spanish AI firm OGA and is partnering with IQM to bring Madrid its first quantum computer. Investment: A consortium including KKR co-founders acquired 42% of Valencia CF and plans to invest €100 million in the club.
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