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...The mandatory savings are supplemented with tax-advantaged voluntary schemes known as Ahorro Previsional Voluntario, or APV accounts, in which assets are invested in private sector mutual funds or insurance...
...Keith Froud, corporate partner at Eversheds, says his firm’s role in the £250m purchase of APV, an Invensys subsidiary, by SPX of the US showed the strength of the Leeds office....
...Some measure of Mr Henriksson’s much praised operational abilities could on Thursday be judged by what he has managed to achieve with APV, the process equipment division, where he has reviewed operations...
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