The price for Metrovacesa’s return to the stock market will be in the range of €18,0/€19,5 per share, implying an initial market capitalisation of between €2.730 billion and €2.957 billion.
Santander’s stock price has recovered its highs prior to the summer of 2015, a period marked by deflationary pressures and political events. Alphavalue’s view is that the market is losing its fear of the bank which, up to now, has been underperforming its sector at a European level, particularly in the second half of 2015.
Ebro Foods has announced the acquisition of 70% of Italian fresh pasta maker Bertagni (the current shareholders and management team will maintain the remaining 30%) for 130 million euros.
Sacyr announced yesterday that it will pay a scrip dividend, so that shareholders can choose between a cash payment of €0,052 per share or receive one new share for every 48 currently available.
Basque wind turbine manufacturer Siemens Gamesa will supply the turbines for Cepsa’s first wind farm in Jerez de la Frontera (Cádiz), the company said on Tuesday.
For 2018, analysts’ consensus is fundamentally betting on cyclical Ibex stocks, based on a scenario of markets’ revaluation both in the Europe and in the US. Selected constructors and defensive stocks are also on the radar.
After the market’s close yesterday, NH Hoteles sent a statement to the Stock Market Regulator (CNMV) in which it informed of the board’s unanimous decision to reject the merger proposal made by Barceló on November 20.
Property firm Metrovacesa, controlled by BBVA and Santander, has confirmed it will return to the stock market via an IPO of its shares amongst institutions.
Siemens Gamesa has won a new contract to install 125 wind turbines, with a total capacity of 262 MW, in the Gulf of Suez wind park in Egypt. It is the company’s biggest contract in the country to date.
Bolsas y Mercados (BME) has published a report giving details of stock market trading activity in December, as well as a figure for 2017 as a whole. Some €651.466 million were traded in equities during last year, in line with the amount negotiated in 2016.