SPANISH SMALL & MID CAPS


Bankia: A Tale Of Successful Restructuring Leading To Growth

Fernando Rodríguez |Bankia’s integration of BMN has transformed the stock in the eyes of analysts and fund managers: the restructuring period is over and now it’s time for growth. If the execution of the merger avoids the limited risks which it would seem to involve, the macroeconomic scenario in Spain, and interest rates on the rise in Europe, should favour the bank’s business and boost Bankia’s share price, which has already heated up of its own accord.


Abengoa's sale of Atlantico Yield

Abengoa finalises details of the sale of its Atlantica Yield subsidiary

Abengoa is trying to finalise the details which will allow it to go ahead with the sale of Atlantica Yield (Nasdaq:ABY) which manages electricity assets and has an approximate market value of $2.16 billion (around 1.93 billion euros). Abengoa has two options for closing the sale: Firstly, the direct handover of its 41% stake in ABY to the funds, including Brookfield, secondly placing blocks of its shares on the market.








Tubacex's record orders

Tubacex’s Order Book Reaches Record Levels

Tubacex has clocked up an order book worth 700 million euros in high tech tubular solutions for the gas and oil extraction, petrochemical and energy generation sectors. This figure is a record for the company.  A contract in Iran represents about two-thirds of the existing premium product backlog or 560 million euros.