Alphavalue / Divacons | Housing purchases by legal entities in 2024 reached their highest level since 2007, although this increase did not alter the structure of the market, as individuals continue to account for more than 89% of these transactions in Spain. On the other hand, the price of completed housing in Spain rose by 13.4% year-on-year in November, according to the Tinsa IMIE general price index, due to the…
Link Securities | In relation to the share purchase programme announced on 27 November 2025, following the acquisitions made on 3 December 2025, IAG has concluded the programme in accordance with its terms. Under the programme, the company has acquired a total of 9,400,000 ordinary shares, representing approximately 0.2% of the company’s share capital. As previously announced, the objective of the programme was to satisfy the allocation of shares to…
Norbolsa | Trump has taken a new step in his attempt to revoke the permit for the New England 1 offshore wind farm, jointly developed by Avangrid and Copenhagen Infrastructure Partners, by requesting that a federal judge re-evaluate a key permit for the project planned off the coast of Massachusetts. The request for Avangrid’s offshore wind farm comes shortly after Trump filed another request to withdraw permission for the SouthCoast…
Bankinter | The European Union announces the end of Russian gas imports. A provisional agreement has been reached that will allow for the permanent cessation of liquefied natural gas imports by 31 December 2026, and pipeline imports by 30 September 2027. Finally, it reiterates its commitment to ensuring the elimination of all oil imports by the end of 2027. Bankinter analysis team’s view: This is good news because it represents…
Renta 4 | According to information from the National Securities Market Commission (CNMV), the Board of Directors of AEDAS Homes has published its mandatory report on the takeover bid launched by Neinor Homes, with an unfavourable opinion on the same. Similarly, the report includes the opinion issued by Goldman Sachs Bank Europe (financial advisor to AEDAS Homes) on the adequacy of the takeover bid price from a financial point of…
Renta 4 | Cirsa has acquired 100% of Amusement Machines Grupo Comatel, a subsidiary of the Comatel group, one of the leaders in amusement machines for bars and restaurants in the Valencian Community. This subsidiary had revenues of €11 million in 2024 and profits of more than €6 million. Assessment: This news fits in with Cirsa’s inorganic growth strategy of purchasing profitable slot machine operators. Positive news, but with no…
Norbolsa | The company cuts its delivery target for 2025 to 790 aircraft (previously 820) due to quality issues with A320 fuselage panels manufactured by Sofitec, which are affected by thickness defects. The revision affects hundreds of units, 40% of which are still in production, and has already slowed down deliveries in November. Despite the operational impact, Airbus is maintaining its financial targets for the year unchanged: adjusted EBIT of…
Link Securities | Merlin Properties (MRL) has presented its new logistics park in Bétera, a project that expands its presence in the Valencian Community, according to the Bolsamanía portal. The logistics park will have more than 95,000 square metres of gross leasable area (GLA), spread over three warehouses of 25,000 square metres and one of 20,000 square metres, with clear heights of 13.70 metres, 50-metre manoeuvring areas and state-of-the-art technical…
Alphavalue/Divacons | The Spanish alternative energy company has completed the sale of 13 wind farms in Spain (440 MW) to Opdenergy for €530 million. The transaction also includes a solar pipeline of up to 351 MWp. The farms, which are around 15 years old, are spread across several provinces (Albacete, Cádiz, Cuenca, Lleida, Valencia and Zamora). The transaction will generate a net profit of €190 million for Acciona, reinforcing its…
The Tourist Movement in Borders Survey (FRONTUR), published by the National Institute of Statistics (INE), reported that Spain received 9.2 million international tourists in October, an increase of 3.2% compared to the same month in 2024. The United Kingdom was the main country of residence for tourists arriving in Spain during the analyzed month, with more than 1.8 million tourists and an increase of 2.8% compared to October 2024. Germany…