Renta 4 | BBVA (BBVA) has confirmed that the acceptance period will begin in early September. The aim is for the prospectus to include both the results for the first half of 2025 and those of the Extraordinary General Shareholders’ Meeting of Banco Sabadell (SAB), where the sale of TSB and the distribution of the extraordinary dividend of €0.5 per share will be submitted for approval. Assessment: This decision avoids…
Link Securities | As explained on Monday by Marc Puig, president and CEO of fragrance company Puig Brands (PUIG), in an interview with Bloomberg, Puig does not rule out a share buyback to boost its stock market value. ‘Over time, we will consider whether it is appropriate to take measures to help investors who have invested in the shares to obtain the value they believe they deserve,’ said Marc Puig,…
Singular Bank | According to the Ministry of Economy, Trade and Business, in May, Spanish exports increased by 2.7% year-on-year, reaching €34.999 billion, with capital goods sales (24%) and lower energy exports (down 32.7%) standing out. At the same time, imports rose by 3.1% to €37.5423 billion, with the largest increases in purchases of capital goods (14.8%), cars and parts (4.9%) and raw materials (10.7%). Given this development, the Spanish…
Alphavalue /Divacons | Spain received more than 52 million international air passengers in the first half of 2025. This figure represents an increase of 6.4% compared to the same period last year, according to data from Turespaña released on Friday by the Ministry of Industry and Tourism. According to Turespaña, Spain has broken records with more than 100 million international air passenger arrivals in 2024 and expects to strengthen its…
Link Securities | The Spanish company and Bittium have signed a memorandum of understanding to cooperate in the development of Software Defined Radio (SDR) solutions, a key technology in defence modernisation, according to the digital portal Bolsamania.com. The aim of the agreement is to explore technology transfer from Bittium, while Indra will contribute its extensive experience and expertise in the field of SDR systems and waveforms. In addition, it will…
Link Securities | BBVA executives have the option of modifying the terms of their bid to take control of Banco Sabadell, particularly the exchange ratio, which most analysts consider essential to make the offer attractive to the Catalan bank’s shareholders, given the current share price gap in Sabadell’s favour, according to today’s Expansión. The extraordinary dividend of €2.5 billion that Sabadell’s Board of Directors wants the bank’s Shareholders’ Meeting to…
Renta 4 | Global Dominion has announced that it has reached an agreement to divest its six photovoltaic parks in the Dominican Republic to investment funds managed by Pioneer Funds and JMMB Funds Sociedaddes Administradoras de Fondos de Inversión (SAFI´s) in the Dominican Republic. The transaction involves the sale of 80% of the current ownership, while Dominion will retain the remaining 20% for a period of three years to strengthen…
Alphavalue/DIVACONS | The Asturian company estimates that the redundancy plan will affect a total of 249 workers, representing approximately 17% of a workforce of around 1,400 employees. This measure is part of the adjustment process initiated by the company and comes after the negotiating committee was finally established on Friday in its second attempt.
Link Securities | Meliã Hotels (MEL) has repurchased 50% of Paradisus Salinas Lanzarote from Victoria Hotels & Resorts, a company formed by Bankinter and its high net worth clients, GMA and the hotel chain itself, according to Expansión newspaper. The deal was closed at a price of €36.5 million, valuing 100% of the hotel at more than €70 million. As Meliá continues to hold 7.5% of Victoria Hotels & Resorts…
Intermoney | The Spanish multinational (Buy, PO 63€), through its subsidiary FlatironDragados, has been awarded a contract in the US to build new railway tracks in the state of Virginia for around €355 million, according to Expansión. ACS has won this contract in a consortium with the local company Herzog. The works will be carried out on the Franconia-Springfield bypass starting this month and will be completed in 2029. The…