Renta 4 | BBVA (BBVA) has confirmed in a significant event, following the Extraordinary General Shareholders’ Meeting held by Sabadell at which the sale of TSB and the distribution of an extraordinary dividend of 50 cents were approved, that it has decided to press ahead with its takeover bid for Sabadell. Assessment: We believe that this decision to go ahead is in line with expectations. Currently, the exchange ratio puts…
Banc Sabadell | Airbus (AIR) announced on Thursday (07/08), after the market closed, the delivery of 67 aircraft during the month of July (compared to 77 in July 2024 and 63 in June 2025), bringing the total number of deliveries in 2025 to 373 (compared to 400 in the same period in 2024; down 7%). On the other hand, a total of seven new orders were recorded during the month,…
Bankinter | The Bank of England (BoE) cuts interest rates by 25 basis points to 4%, in line with expectations, but maintains a cautious approach. The process of lowering rates continues, accumulating -125 basis points since it began at the August 2024 meeting. The decision was not unanimous and was very close, requiring a second vote for the first time in its history. In the first vote, four members of…
Link Securities | Banco Santander (SAN), through its office subsidiary Uro Property, has assumed costs of €120 million to settle the lawsuit it had been involved in since 2022 with the creditors of its subsidiary, according to the newspaper Expansión. In 2020, the bank took control of Uro and contributed more than €1 billion to cancel the debt of the real estate company. Following this, Uro’s former bondholders also claimed…
Link Securities | The National Court has agreed to close the proceedings brought by the Public Prosecutor’s Office in June 2024 against Naturgy Generación (Naturgy (NTGY)) for an alleged offence relating to the market and consumers for increasing energy production prices at its combined cycle thermal power plant in Sabon 3 (A Coruña) from March 2019 to December 2020, according to Expansión newspaper. According to the group’s half-yearly report submitted…
Intermoney | ACS (Buy, PO €63) announced last Friday after the market closed that it had reached an agreement with French company Vinci to dissolve their joint venture for the development of renewable energy capacity. This JV arose from the French company’s purchase of ACS’s Cobra industrial services business for around €5 billion, announced in 2021. Friday’s agreement specifies a final payment by Vinci of around €300 million, which, according…
Banc Sabadell | According to National Securities Market Commission (CNMV) records, Barclays has disclosed a 3.35% stake in Enagás (ENAG), of which 2.934% is through financial instruments. Assessment: News with little impact. Other significant shareholders are: BlackRock (5.9%), SEPI 5%, Pontegadea 5%, Bank of America 3.614%.
Link Securities | Duro Felguera (MDF) has reached a preliminary agreement with unions to reduce the number of workers affected by the redundancy plan, initially proposed for 249 workers, to 180, according to Expansión. According to sources familiar with the process who spoke to the newspaper, under the agreed terms, those affected will receive 25 days per year with a cap of 14 monthly payments.
Alphavalue/DIVACONS | The gas company successfully completed Spain’s first bioLNG loading at its Regasification Plant located in the Port of Cartagena. The operation, which is the largest in volume to date in the country, consisted of supplying approximately 3,500 cubic metres of bioLNG to the supply vessel Avenir Aspiration, chartered by Axpo. This bioLNG will be used in a subsequent operation tosupply a container ship, a process known as ‘ship…
Link Securities | Bankinter (BKT) and Acciona Energía (ANE) have signed a collaboration agreement to offer the bank’s business customers a comprehensive energy services solution for their facilities, with favourable financing conditions, according to yesterday’s report on the Bolsamanía website. According to both companies, the solutions offered include photovoltaic self-consumption projects, storage batteries, electric vehicle chargers and aerothermal energy. On the one hand, Acciona Energía will provide a turnkey service…