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Mapfre results tainted by lack of acquisitions (Las dos caras de Mapfre).
(From El Pais)
Spanish insurance group Mapfre's positive first quarter results have been undermined by investors' concerns over the company's seeming inability to complete a takeover operation in a foreign market. Mapfre has twice failed to acquire a targetted company since June 2004, most recently with Real Seguros in Brazil. The Spanish group says that it is looking for opportunities in Brazil and Mexico, as well a number of countries in Europe.
Corporacion Mapfre, the insurance group's listed ...
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