{
  "id": 2123457,
  "title": "Bruselas da el visto bueno a la 'joint venture' de Telefónica, Santander y ACS para la gigafactoría europea",
  "url": "https://urgent.news/2026/08/20/bruselas-da-el-visto-bueno-a-la-joint-venture-de-telefonica-santander",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T11:14:26.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/2026/08/20/6a86e188468aeb6d7f8b4595.html"
  },
  "original_language": "es",
  "account": "The European Commission has approved a joint venture between Telefónica, Banco Santander, ACS, and the Spanish Technology Transformation Company (SETT), also known as Sepi Digital, for a European AI gigafactory. The private investors in the project - Santander, ACS, and Telefónica - will collectively hold 47% of the capital, with each owning 15.67%. The government, through SETT and Catalonia's Generalitat, will have a 47.99% stake. The company will compete in a European bid to construct and operate efficient, high-performance AI infrastructure in several member states. The joint venture will be headquartered in Tarragona and Madrid, with additional locations in Barcelona's Port of Barcelona (Màrta la Nova) and San Fernando de Henares (Madrid). The project is expected to receive a 719 million euro investment from the Ministry for the Digital Transformation and Public Function, via Sepi Digital.",
  "summary": "La candidatura española, con sedes en Tarragona y Madrid, se presentará en septiembre. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}