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grifols edificio

Relevant News Item 10th March 2025

Grifols loses over 5% after Securities Market Commission report slams financial management

CdM | Grifols shares lost more than 5% on the stock market on Monday. Last Friday, after the market had closed, a report was published by the National Securities Market Commission (CNMV) that was highly critical of the company’s financial management. According to the report sent by the CNMV to the investigating judge in the case, José Luis Calama, and to which “El Mundo” has had access, Grifols’ top management…

Indra fachada

Relevant News Item 10th March 2025

Tailwinds for Indra after increase in military spending by at least 1.5% of GDP at EU’s behest: target price up to €30

Intermoney | The EU has urged its governments to increase military spending by at least 1.5 percentage points of GDP, which would imply an increase of around €650 billion in total. To this end, they will present a plan to provide greater fiscal flexibility to governments to boost their defence spending. We have already published a report in which we analysed why allocating 2% of GDP to defence was not…

Pharmamar

Relevant News Item 7th March 2025

JPMorgan Chase acquires 3.12% stake in Pharmamar, valued at €56.8 million

Link Securities | The largest US bank yesterday notified the National Securities Market Commission (CNMV) of a 3.12% stake in the bio-pharmaceutical company Pharmamar. JPMorgan Chase, which reached this threshold last Monday, owns this package directly in shares (2.54%) and the rest (0.57%) through financial instruments (equity swap). With this operation, carried out through different companies and investment funds, this stake would be valued at €56.8 million. Other PharmaMar shareholders,…

CAF Bombardier

Relevant News Item 6th March 2025

CAF selected as ‘preferred bidder’ for €1,695-million renewal of train fleet in Belgium

Bankinter | The company announced yesterday that it has been selected as the preferred bidder for the contract to supply a new train fleet for the Belgian operator NMBS/SNCB (Société Nationale des Chemins de Fer Belges). The operator has approved the purchasing process with the selected company, pending the finalisation of the award. If the agreement is finally reached, it would involve an initial commitment of around €1,695 million (54,000…

obras 11 1000x528 777x400 1

Relevant News Item 5th March 2025

Unemployment falls by 5,994 in February, to 10.4%

According to data from the Ministry of Labour and Social Economy, the number of unemployed registered in the offices of the Public Employment Service (SEPE) decreased in February by 5,994 people compared to the previous month (down 0.23%), reaching 2,593,449 people, the lowest figure for this month since 2008. This represents 10.4% of the active population. Meanwhile, according to data published by the Ministry of Inclusion, Social Security and Migration,…

iberdrola electrolinera 1

Relevant News Item 4th March 2025

Iberdrola-Renault agreement to promote EVs with €800 discount on car purchases

Link Securities | Iberdrola (IBE) and Renault Group (RNO-FR) have joined forces to promote the accessibility of electric vehicles in Spain, the two companies explained this Friday in a joint statement, as reported by the digital portal Bolsamania.com This collaboration means a discount of €800 on the purchase of an electric vehicle from any of the brands of the Renault Group (RNO-FR) (Renault, Dacia and Alpine). Thus, Renault Group (RNO-FR)…

Deoleo

Relevant News Item 4th March 2025

Italian tax agency notifies Deoleo of payment demand for €64.7 million

Link Securities | Deoleo (OLE) informed the National Securities Market Commission (CNMV) that it has received a payment demand (Cartella de Pagamento) from the Italian tax agency (agenzia delle Entrate Riscossione) corresponding to the Italian Tax Contingency. The sum to be paid by Carapelli Firenze under the Payment Order finally amounts to €64.7 million, compared to the $89 million initially estimated with a criterion of prudence and communicated to the…

BBVA Sabadell 2

Relevant News Item 3rd March 2025

Second adjustment to exchange ratio: 1 BBVA ordinary share and €0.70 in cash for every 5.3456 Banco Sabadell ordinary shares

Renta 4 | BBVA will proceed to adjust the exchange ratio according to the dividends announced by both entities, Sabadell for an amount of €0.12/share to be paid on 28 March, and the payment to be made by BBVA on 8 April (ex-date) for an amount of €0.41/share.The new exchange ratio is set at: 1 newly issued BBVA ordinary share and €0.70 in cash for every 5.3456 Banco Sabadell ordinary…

ferrovial aeropuertoheathrow

Relevant News Item 2nd March 2025

Ferrovial sells remaining 5.25% stake in Heathrow to Ardian fund for £455 million

Intermoney | The company (Hold, PO €39) announced yesterday after the market closed that it has sold the remaining 5.25% of Heathrow to the Ardian fund for £455 million. At the same time, other Heathrow shareholders have agreed to sell 4.75% to Ardian as well. Ferrovial has not reported any capital gains, although it is most likely that they are very small or non-existent, as this package had been adjusted…

sacyr 4 588x353

Relevant News Item 28th February 2025

Sacyr’s EBITDA falls, but operating cash flow soars 53% to almost €1.3 billion

Intermoney | Sacyr (Buy, PO €4.4) announced its 2024 annual results yesterday after the market closed, and will hold a conference call today at 11am. The main figures, together with our estimates, are shown in the attached table. The Group has continued to moderate its operating results, mainly due to the accounting effect following the commissioning of new concessions, including the Pedemontana Veneta (PV) motorway, and a reduction in construction…