Latin American investments in Spain amounted to 2,835 million euros last year, 138% more than in 2022. It is a sign of the drive of these investors, especially in view of the fact that, in global terms, the capital arriving in the country It was 11.9% lower than the previous year, reaching 32,638 million euros.
The Icex and Ceapi data presented this Tuesday show that Mexico is by far the country most interested in Spain. It accounted for 58% of the investment, far ahead of Argentina, from which only 196 million arrived, just under 7%.
Mexican investors have taken stakes in companies such as the energy company Cox Energy, the tile manufacturer Baldocer or the engineering group Duro Felguera. The Mexican venture capital fund Mountain Nazca bought 49% of Barça Studios. In 2023, the arrival of Colombian investment in Clarel or Chilean investment in Ampere Energy also stood out.
The Latin American business community in Spain is made up of more than 600 companies that employ around 47,000 people. Ceapi estimates that Mexico operates 245 companies in the country, ahead of Chile, Brazil and Panama.
Andrés Allamand, who heads the Ibero-American General Secretariat (SEGIB), highlighted the “highly technological” nature of some of the Latin American companies.
Among the individual shareholders, Mexicans David Martínez in Banco Sabadell and Carlos Slim in FCC or Metrovacesa stand out.