Spain has the EU’s sixth-largest stock of direct investment abroad. After a period of consolidation following the onset of Spain’s recession in 2009, which led some of the main multinationals to sell assets regarded as non-strategic, particularly those that needed to reduce their debt levels, companies are investing again. Almost two-thirds of the total revenues of the blue chip Ibex-35 companies are generated abroad. At the forefront of Spain’s new wave of internationalisation are the big construction and infrastructure companies.
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