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Articles by The Corner

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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.
fcc edificio

Companies 19th September 2025

Carso Group and FCC, both controlled by Carlos Slim, to build 111-km section of Saltillo-Nuevo Laredo corridor in Mexico for €1.47 billion

Alphavalue / Divacons | Grupo Carso and FCC, both controlled by Carlos Slim, will build a 111 km section of the Saltillo-Nuevo Laredo corridor for €1.47 billion. Slim thus becomes one of the largest contractors on Sheinbaum’s flagship project, valued at more than €6 billion, which will run through Coahuila, Nuevo León and Tamaulipas. In other news, a consortium also led by the Spanish construction company has been selected in…

CAF factory

Uncategorised 19th September 2025

CAF to carry out refurbishment and maintenance of units on Cairo Metro for total €450 million

Link Securities | The company has signed three agreements with the National Authority for Tunnels (NAT), the state-owned company responsible for developing the metro network in Egypt, to carry out the comprehensive modernisation of 39 units on Line 2 and the maintenance of units on Lines 1 and 2 of the Cairo Metro. The volume of the operation exceeds €450 million and strengthens CAF’s presence in Egypt with new projects,…

telefonica edificio

Companies, Ibex, Relevant News Item 19th September 2025

Telefónica given regulatory approval for sale of Telefónica Uruguay for €373 million

Renta 4 | The regulatory authorities in Uruguay have approved the acquisition of Telefónica Uruguay by Millicom. Telefónica Hispanoamérica S.A., a wholly owned subsidiary of Telefónica, reached an agreement in June with Millicom Spain S.L. to sell its 100% stake in Telefónica Uruguay. The agreed price was $440 million (approximately €373 million). Assessment: This news was expected given that Millicom was not present in Uruguay. This transaction confirms the divestment…

Iberdrola edificio

Companies 19th September 2025

Iberdrola sells 100% of business in Hungary to consortium formed by Premier Energy for €171.2 million

Link Securities | Iberdrola (IBE) has reached an agreement to sell 100% of the shares in Iberdrola Renovables Magyarország KFT, which owns its business in Hungary, to a consortium formed by Premier Energy — which already acquired the company’s assets in Romania in 2024 — and the Hungarian group iG TECH CC, according to the Bolsamanía website. Through this transaction, the group will receive €171.2 million for the company’s shares…

PedroSanchezOCDE

In Spain 19th September 2025

Spain asks OECD for help tackling soaring absenteeism, which will cost €33 billion this year

The Organisation for Economic Co-operation and Development (OECD) is finalizing a shock plan to address the absenteeism crisis in Spain. The sharp escalation in spending on Temporary Disability (IT) and lost work hours due to illness has raised alarms within the Spanish government, which has turned to the Paris-based international body for solutions to the serious problem of sick leave, as revealed by the newspaper El Mundo. The problem is…

alemania germany ZEW

In Europe 18th September 2025

ZEW Economic Sentiment Index for Germany rises from 34.7 points in August to 37.3 in September

Link Securities | The index, which measures the perception of the German economy by large institutional investors and analysts, compiled by the ZEW institute, rose in September to 37.3 points from 34.7 points in August, exceeding the 27.6 points expected by FactSet consensus analysts. Meanwhile, the index that assesses this group’s perception of the current situation of the German economy fell in September to -76.4 points from -68.6 points in…

Acciona energia guapa

Companies, Ibex 18th September 2025

Acciona Energía sells 65% stake in Costa Rican Chiripa wind farm to minority partner Ecoenergía for around €71.4 million

Renta 4 | Acciona Energía has announced the signing of an agreement with Ecoenergía for the sale of its majority stake (65%) in the Chipira wind farm (49.5 MW), located in Costa Rica. The value of the transaction (EV) amounts to up to $80 million (€80 million). The asset has been in operation since 2015. The concession for the farm was due to be transferred to the State in 2033….

inditex junta 2025

Companies, Ibex 18th September 2025

UBS raises recommendation for Inditex to “buy” from “neutral” and ups target price from €48 to €52

Alphavalue / Divacons | Shares in the Spanish fashion company rose 0.75% yesterday after UBS raised its recommendation to ‘buy’ from “neutral” and raised its target price from €48 to €52 thanks to a business model ‘based on local sourcing and the integration of physical and online sales’. Our analysts give Inditex upside potential of almost 10%. Meanwhile, José María Castellano, former CEO and vice-chairman of Inditex, passed away yesterday…

fcc edificio

Companies 18th September 2025

Saudi Arabia selects consortium led by FCC to bid for construction and operation of office complex in Riyadh

Link Securities | The Saudi Arabian Ministry of Defence and the state agency responsible for launching public-private partnership contracts has selected a consortium led by Spain’s FCC (FCC) to bid for the construction and subsequent 27-year operation of an office complex in the capital Riyadh, according to a report in Expansión newspaper on Thursday. The investment budget for the asset is around €500 million. Located north of Riyadh, the building…

Pharmamar

Companies 18th September 2025

PharmaMar’s capital set at €10.8 million after reduction, divided into 18 million shares with unit value of €0.60

Link Securities | PharmaMar (PHM) informed the National Securities Market Commission that, in relation to the execution of the capital reduction through the redemption of treasury shares announced on 30 July 2025, the deed of capital reduction (and consequent amendment to the articles of association) of PHM for an amount of €133,336.80 through the redemption of 222,228 treasury shares with a par value of €0.60 each has been registered in…