MADRID, July 27 (Reuters) - The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex (ITX.MC), on Thursday reported a 2.8 billion-euro jump in the market value of its real estate assets last year, to 18.1 billion euros ($20.08 billion).
The United States, where Inditex plans to open more of its Zara stores, has been one of Ortega's main markets.
Pontegadea booked a net profit of 2 billion euros last year, up from 1.6 billion euros in 2021, mainly due to dividends from Inditex, which soared as its key brand Zara quickly recovered from the COVID-19 pandemic.
Pontegadea, which for years mainly focused on real estate, has also been looking into energy companies, buying stakes in solar plants, electricity grid operators and wind farms.
($1 = 0.9038 euros)($1 = 0.9015 euros)Reporting by Corina Pons; editing by Catarina Demony and Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.
Persons:
Amancio Ortega, Ortega, Pontegadea, Corina Pons, Catarina Demony, Andrei Khalip
Organizations:
Fedex, Thomson
Locations:
MADRID, United States, New York, Seattle, Zara, Inditex