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underground2

Relevant News Item 7th October 2025

Indra Wins £1.7 Billion London Underground Ticketing Contract

The Spanish group, through its Mobility subsidiary, has won the Transport for London (TfL) tender for the operation, development, and improvement of the transport ticketing system, including ticket sales and access control, used daily by eight million people. The system records about eight million daily travelers and covers not only the Underground (Tube) but also the Overground, DLR, Tram, the famous red buses, and the equivalent of the English capital’s…

bbva sabadell

Companies, Relevant News Item 6th October 2025

BBVA denies reaching agreement with shareholder David Martínez to participate in takeover bid

Alphavalue/DIVACONS | On Friday, the president of the financial institution, Carlos Torres, denied that an agreement had been reached with Banco Sabadell shareholder and director (add Target Price €3.97/share) David Martínez to participate in the takeover bid for the Catalan institution. Martínez has written an article in El País and Cinco Días in which he states that the consolidation of Sabadell and BBVA will result in an institution that is…

defensa

Companies, Relevant News Item 2nd October 2025

ACS, Acciona and Ferrovial jump on defence investment bandwagon: involved in projects worth around €25 billion

Bankinter | Spanish construction companies have managed to enter military investment programmes with projects valued at around €25 billion in the last three years and are aiming for new contracts, according to Expansión. The forecast is that spending on military infrastructure will grow annually to reach €130 billion in 2035. The main projects at the moment are focused on the renovation and expansion of shipyards, naval bases and other military…

Aena nuevo

Companies, Relevant News Item 1st October 2025

Moody’s raises Aena’s credit rating to A2 due to recent improvement in Spain’s sovereign rating

Intermoney | Aena (AENA) (Hold, PO €24) announced on Tuesday after the market closed that Moody’s rating agency has raised its long-term debt rating to A2 from A3. The agency states that this move is explained by the recent improvement in Spain’s sovereign rating, in which Aena remains one notch above due to stronger credit fundamentals, demonstrated by its access to foreign banking markets. Moody’s adds that Aena benefits, among…

Banco Sabadell09

Companies, Relevant News Item 1st October 2025

Sabadell recommends rejecting BBVA’s improved takeover bid, but third-largest shareholder David Martínez accepts it

Bankinter | Banco Sabadell’s (SAB) main arguments are: (1) BBVA’s (BBVA) offer is less attractive than the original because, with the current share exchange (no cash payment), Sabadell shareholders would hold 15.3% of the merged entity (as opposed to 16.2% proposed in May 2024), (2) BBVA’s offer does not reflect Sabadell’s potential value on its own, which would be between €3.8/share and €4.0/share according to its estimates, and (3) the…

BBVA Argentina

Companies, Relevant News Item 30th September 2025

BBVA to pay cash dividend of €0.32 per share on 7 November, once takeover bid for Banco Sabadell settled

Link Securities | BBVA’s Board of Directors has agreed to pay an interim dividend for the 2025 financial year in the gross amount of €0.32 per share in cash, setting the payment date for this amount as 7 November 2025. The main characteristics of the agreed payment are detailed below: • Gross amount per share: €0.32• Last trading date for BBVA shares with the right to participate in the distribution:…

Repsol Strategic Plan

Relevant News Item 30th September 2025

Repsol to Build its First Large Renewable Hydrogen Plant in Cartagena

Repsol has given the green light to its first large-scale electrolyser, with a capacity of 100 MW, at its industrial complex in Cartagena. The facility, involving an investment of €300 million, will be capable of generating up to 15,000 tonnes of renewable hydrogen annually, and will prevent the emission of up to 167,000 tonnes of CO2 each year. The company will use the renewable hydrogen as a feedstock to manufacture…

Endesa eolica

Companies, Relevant News Item 22nd September 2025

Endesa joins European Blades2Build project to carry out largest wind farm repowering in Spain

Link Securities | The company, through its renewable energy subsidiary, Enel Green Power España, has connected its largest repowered wind farm in Aldeavieja, between the municipalities of Santa María del Cubillo and Ojos Albos in Ávila, according to a report by the website Bolsamania.com last Friday. The facility has gone from 22 wind turbines to four, with greater renewable production capacity. ‘For us, this repowering is a real milestone,’ said…

Iberdrola edificio

Companies, Relevant News Item 22nd September 2025

Iberdrola to announce annual investment of €12-14 billion for 2025-28 at CMD, mainly aimed at improving networks

Bankinter | This Wednesday, 24 September, Iberdrola will hold its Investor Day, or Capital Markets Day (CMD), at which it will present its new three-year strategic roadmap (2025-2028) and offer an overview of its expectations until 2031. The press is leaking some of the guidelines that will be included in the Plan. These leaks point to an annual investment of between €12 billion and €14 billion. Net profit could reach…