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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
caf autobuselectrico

Companies 23rd October 2025

CAF wins new contracts for 150 electric buses in Europe worth over €110 million

Bankinter | CAF (CAF) announced on Wednesday contracts to supply 150 electric buses worth over €110 million. This includes 55 electric buses to Transldev Nederland, 50 to Warsaw and 42 charging infrastructure units, also in Poland. Bankinter analysis team’s view: The bus division (Solaris) is standing out for its high level of orders, which brought the division’s order book at the end of Q2 2025 to €2.055 billion (2.2x 2024…

Repsol

Companies, Relevant News Item 23rd October 2025

Repsol becomes exclusive official lubricant supplier for Moto2 and Moto3 World Championships

Alphavalue / Divacons | The Spanish oil company has signed a strategic alliance with Dorna Sports, the organiser of the MotoGP World Championship, to become the exclusive official lubricant supplier for the Moto2 and Moto3 categories. This agreement will run from 2026 to 2030. Repsol has lubricant production plants in Spain (Puertollano), Mexico, Indonesia, Singapore, and the Philippines, as well as access to third-party plants, enabling it to distribute its…

Cars SeatTC

Spanish economy 23rd October 2025

Car Production in Spain Falls 5.2% Through September (1.7 Million Units)

The Spanish Association of Automobile and Truck Manufacturers (Anfac) reports that vehicle production in Spain grew by 8.8% year-on-year in September, reaching 223,468 units. This specific increase is due to the low production recorded in September 2024, caused by the adaptation of some factory production lines to accommodate new electric models, which led to production falling below usual levels that month. In the accumulated figure through September (9M2025), vehicle production…

EDP Renovables

Companies 22nd October 2025

EDP Renovables offshore wind subsidiary, Ocean Winds, sells stake in wind farm to Allianz GI for €200 million

Intermoney | The renewable energy company (Buy, PO €15) announced after the market closed yesterday that its offshore wind subsidiary Ocean Winds (OW) has sold a 20.25% stake in a wind farm to Allianz Global Investors for around €200 million, which, according to EDPR, would imply an implicit valuation of €5.6 million per MW. OW is 50% owned by EDPR and ENGIE, and the Portuguese company consolidates it using the…

Is it the Fed that has changed... or the world around it?

In the World 22nd October 2025

Fed will cut interest rate by 25 basis points next week and again in December, according to survey

Link Securities | According to a survey of economists conducted by Reuters, the Federal Reserve (Fed) will cut its key interest rate by 25 basis points next week and do so again in December. A month ago, economists expected only one more cut this year. But the new forecast follows a recent shift in the expectations of Fed monetary policy makers, which now point to additional reductions. In this regard,…

eurozona superavit comercial

European economy, In Europe 22nd October 2025

Eurozone current account surplus at €13 billion in August, compared to €25.3 billion in same month in 2024

Link Securities | According to the European Central Bank (ECB), the Eurozone current account surplus stood at €13 billion in August, compared to €25.3 billion in the same month of the previous year. In August, the goods surplus fell to €8 billion from €17.1 billion in August 2024, while the primary income surplus fell to €2 billion from €5 billion. Similarly, the secondary income deficit widened in August to €15…

inmobiliario oficina

In Spain, Spanish economy 22nd October 2025

Real estate investment in Spain reaches €12.9 billion through September, up 44%, third-best figure on record

Alphavalue/ Divacons | Real estate investment in Spain reached €12.9 billion in September, 44% above the figure recorded in the same period last year, making it the third best historical record, behind only 2022 and 2018. This figure is above the European average, and the sector expects an even more intense end to the year in terms of investment. On the other hand, 37% of rental properties in Spain are…

Indra novedad

Companies 22nd October 2025

Escribano Mechanical & Engineering expects to reach merger agreement with Indra before year’s end

Link Securities | Escribano Mechanical & Engineering (EM&E) expects to reach a merger agreement with Indra (IDR) before the end of the year, according to a report published on Wednesday by Expansión. EM&E Chairman Javier Escribano hopes that banks will define the valuation of his company so that negotiations can begin and a giant can be created to boost the defence ecosystem. Escribano assures that there is no ‘plan B’…

bbva sabadell

Companies 22nd October 2025

Following confusion surrounding BBVA-Sabadell case, CNMV president opens door to review of Takeover Bids Law

Alphavalue/Divacons | The president of the Spanish National Securities Market Commission (CNMV), Carlos San Basilio, has opened the door to supporting a review of the Royal Decree on the takeover bid regime, popularly known as the Takeover Bid Law, following the confusion and difficulties highlighted by the BBVA (BBVA) and Banco Sabadell (SAB) case. San Basilio pointed out that, although the Royal Decree has been useful, ‘perhaps, like any text,…

enagas logo

Companies, Relevant News Item 22nd October 2025

Enagás Revenue Increases 6.9%

Enagás presented its results for the first nine months of the fiscal year (9M2025) yesterday. The total demand for natural gas and exports in 9M2025 stood at 267.6 TWh, 6.6% higher than the figure recorded in the same period of 2024. In this context, the company raised its revenue figure by 6.9% year-on-year, reaching €711.2 million (up 2.6% compared to the FactSet consensus). Of this amount, €693.0 million (up 6.8%…