The purchase of casing collagen division from the Japanese Group Nitta Gelatin Inc. by Spanish group Viscofan (VIS:SM) will be made via debt for 10.7 million dollars and in cash for 2.8 million dollars. The price paid corresponds to an EV / EBITDA of 9.0x.
BME will distribute to its shareholders on December 28 the second interim dividend against 2018 earnings, with a value of €50 million. The figure represents a gross €0.6 per share, the same as that distributed a year ago, to be paid on December 30, implicit DPR 1.7%.
Intermoney | From the perspective of the Eurozone’s labor costs, it was possible to highlight the maintenance of its dynamism, despite its small step back in 3Q19 to moderate up to 2.6% a.
Spanish lender BBVA would be considering spending cuts for 2020 which would affect not only the commercial network and central services, but also the strategic Client Solutions division, where workforce could be reduced by 3% and investment frozen.
BofA | Net 40% of investors expect European economy to strengthen over the next 12 months; rising from net 9% expecting it to weaken last month.
Intermoney | The S&P500 index has gained almost 35% since its lows recorded in December 2018. The Stoxx Europe 600 surged about 25%, approaching its highest records. Markets have priced in the reduction of the main sources of uncertainty on a global scale. Now, it is key that macroeconomic indicators end up confirming the improvement advanced by investors.
Renta 4 | Apax Partners fund has withdrawn its offer for the division of services in Spain and International for their strong labor costs, although it maintains its offer for Broadspectrum (Australia) at € 600 million, taking the offer on Amey ( United Kingdom).
Alphavalue | Deutsche Bank launched the sale of 10 million shares of Cellnex among large investors. The German entity launches an ADR offer, which allows foreign investors to invest in the Spanish teleco in dollars, without exposing themselves to the risks of the Cellnex currency.
The chances of “getting Brexit done” reasonably quickly and smoothly have never been better.
Acerinox and MásMóvil will increase their weight in the Spanish stock index, accounting for 100% of its capital vs current 80%. On the contrary, Colonial will see it reduced to 60% (vs current 80% ) while Naturgy goes from 60% to 40%.