Intermoney | ACS (ACS) (Buy, Target Price €63) has, through its US subsidiary Turner, secured a contract with US AI giant CoreWeave to build a data centre complex in the state of Pennsylvania, involving a total investment of around €5.2 billion, according to Expansión newspaper. Turner is partnering with local company Wohlsen on this contract. The two partners will build a facility with an initial capacity of 100 MW, expandable…
Link Securities | The Spanish National Markets and Competition Commission (CNMC) has authorised the acquisition of Ercros by Esseco on condition that the buyer terminates key agreements with the Korean group UNID and avoids exclusivity agreements with distributors of potash products, according to a report yesterday in the online newspaper elEconomista.es. The transaction, notified on 28 June 2024 and authorised in the second phase, consists of the acquisition of sole…
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…
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…
Link Securities | Iberdrola (IBE) announced on Thursday that it has completed the acquisition of the energy distribution, marketing and generation business of Electra del Maestrazgo, a family-owned utility based in Castellón, according to the Bolsamania website. The statement also highlights that it expects a ‘positive impact on its accounts’ from this acquisition and anticipates that this will be reflected in its results. Iberdrola explained that the National Commission for…
Alphavalue/ Divacons | The two construction companies, through a consortium formed in equal parts by both groups, will build the first section of high-speed rail between Burgos and Vitoria. The award of this section of the Basque AVE, valued at €323 million, comes after the disqualification of other competitors such as ACS, Acciona, Sacyr, OHLA and Grupo San José. The starting price for the tender proposed by Adif, the public…
Renta 4 | Grifols has resumed a project it has been working on since 2020 to build a new fractionation plant that will enable it to double its production capacity in Europe. The new factory will be located in Llica del Vall in the province of Barcelona, on land adjacent to its Parets del Valles complex, on an 80,000-square metre site that the company acquired for this purpose in 2018….
Link Securities | On Wednesday, the electricity company signed a €2.5 billion credit facility with 32 international financial institutions, a transaction that was oversubscribed by 45%. The credit facility, which will have an initial term of five years, extendable for another two years, has multi-currency terms and has been secured at the most competitive cost of all the facilities currently available to the company. With the agreement signed, more than…
Alphavalue/DIVACONS | On Tuesday, Óscar García Maceiras, CEO of the textile group, informed the General Shareholders’ Meeting that Inditex (ITX) will face the tariff scenario imposed by Donald Trump through innovation, flexibility and diversification of its business model. Maceiras detailed the success of collaborations such as Zara and Zara Home’s ‘The Apartment’ and the opening of Zacafé in Madrid, as well as the expansion of new customer interactions in markets…