Spain should work with the European Union when making setting its position on large international matters, the country’s largest business group said.

Indra Sistemas SA has outlined the process through which a special board committee will address potential conflicts of interest as the Spanish company considers acquiring a firm owned by its chairman.

Spain needs to create a “true migration policy,” even as a government plan to legalize about half a million migrants “makes sense,” one of the country’s most influential business groups said in a report.

The Spanish government has floated a proposal to move Indra Sistemas SA’s defense assets into a new subsidiary that could participate in consolidation, while maintaining state control over the parent company, according to people familiar with the matter.

Quantum investment firm Quantonation Ventures has raised €220 million ($260 million) for its second fund devoted to physics-based technologies, backed by data center builder ACS SA and Novo Nordisk A/S’s controlling shareholder, among others.

Third Point LLC has taken a stake in Spanish technology and defense company Indra Sistemas SA and is throwing its support behind Chairman Ángel Escribano’s plan to buy a smaller rival.

Multiverse Computing SL, a Spanish artificial intelligence software company, is in discussions to raise about €500 million ($595 million) in fresh funding, according to people familiar with the matter.

Italian fiber carrier Retelit SpA is considering a sale of its data-center business in a deal that could value the unit at as much as €700 million ($823 million), according to people familiar with the matter.

Spanish Prime Minister Pedro Sánchez announced Monday that he is naming Elma Saiz as government spokesperson.

Spain’s conservative People’s Party won 44.9% of votes in Sunday’s regional election in Extremadura, according to a poll published by newspaper El Mundo.

Spain’s pork production is under threat following the first cases of African swine fever in more than three decades.

Two former Lone Star executives are seeking to double assets under management at their investment firm to 10 billion euros ($11.5 billion), as part of plans to compete with larger European rivals.