Europe

Spain offers to host EU medicines agency after Brexit

Competition is heating up among European Union countries hoping to reap some of the benefits of Britain's exit from the EU, with Spain joining the list of nations bidding to host the bloc's medicines oversight body.

Health Minister Dolors Montserrat told a meeting of business representatives and journalists Thursday that Spain believes the Mediterranean port city of Barcelona is the ideal place to house the headquarters of the European Medicines Agency when it relocates from London.

Barcelona has offered its multicolored, aluminum-and-glass Agbar skyscraper as the headquarters.

The Netherlands and Portugal are also among several countries presenting bids for the lucrative oversight body.

The agency, employing about 900 people, is one of the biggest EU institutions with an annual budget of more than 300 million euros ($325 million).