Relevant News Item

Companies, Relevant News Item 16th March 2026

Polish authorities cancel award of €235 million contract to Ferrovial subsidiary Budimex

Link Securities | Budimex, the listed Polish subsidiary controlled by Ferrovial (FER), has informed the market that local authorities have cancelled the award of a contract awarded to the group in December worth over 1 billion zlotys (around €235 million), Expansión newspaper reports in its edition today. The contracting body, PKP Polskie Linie Kolejowe, will review and re-evaluate the bids submitted in the tender for the design and construction of…

Companies, Relevant News Item 13th March 2026

Venezuela signs agreement with Repsol and Italy’s Eni to ‘guarantee gas supply’

Alphavalue / Divacons | The Venezuelan government, through PDVSA, and Spanish oil company Repsol and Italian oil company Eni have signed a gas supply agreement. According to Delcy Rodríguez, the agreement ‘guarantees gas supplies’ in Venezuela for national development and domestic consumption. The government also expressed its willingness to promote new partnerships in oil and gas to increase production. Rodríguez thanked both companies for remaining in Venezuela during the ‘hardest…

Companies, Relevant News Item 10th March 2026

Virgin Media O2 (owned by Telefónica and Liberty) in talks with VodafoneThree about use of broadband network in UK

Link Securities | Virgin Media O2 (VMO2), the telecommunications group controlled equally by Telefónica (TEF) and the US company Liberty, is in advanced talks with VodafoneThree regarding the use of its broadband network in the United Kingdom, according to a report in the newspaper Expansión on Monday. If the deal goes ahead, it would represent a major step forward in VMO2’s strategy to become the alternative to BT’s Openreach, according…

Companies, Relevant News Item 9th March 2026

Ferrovial wins €604 million contract to build two sections of new railway line in Poland in area with difficult terrain

Alphavalue/ Divacons | The Spanish construction, services and concessions company, through its Construction division and its Polish subsidiary Budimex, announced that it has been awarded a contract to build two sections of the new Podłęże–Piekiełk railway line in Poland. The project has a budget of PLN 2.58 billion (approximately €604 million) and is considered one of the most complex civil engineering works in the country’s railway network due to the…

Companies, Relevant News Item 6th March 2026

Digi to go public with IPO of new shares worth between €150-200 million and IPO of its parent company, volume not yet disclosed

Alphavalue / Divacons | Digi has detailed its upcoming IPO in Spain, which will take the form of a public offering of new shares worth between €150 million and €200 million, in addition to a public offering of shares held by its parent company, the final volume of which has not yet been determined. Pending developments in the geopolitical situation, the group’s first move is to inject resources to continue…

Companies, Relevant News Item 6th March 2026

Repsol estimates it can recover €4.55 billion from Venezuela: €963 million in debts, €3.587 billion in provisions

Link Securities | Repsol, Spain’s largest oil company, has estimated that it can recover €4.55 billion from Venezuela, which is currently trapped in the country, according to the newspaper Expansión. The figure includes loans and outstanding invoices from PDVSA, the state-owned hydrocarbon monopoly. It also includes the accounting provisions that Repsol has been making for years to cover the impairment of its assets in the country, given the chaotic situation…

Companies, Relevant News Item 5th March 2026

Turkish lira depreciates 27% in 2025, leading BBVA to write down value of Garanti by €130 million more, bringing cumulative total to €354 million

Link Securities | Expansión reports today that BBVA has been forced to write down the value of Garanti, its subsidiary bank in Turkey, in its annual accounts due to the negative performance of the currency, which depreciated by 27% last year. It has done so by €130 million, bringing the cumulative impairment in recent years to €354 million. Added to this is the money BBVA is losing in the country…

Companies, Relevant News Item 3rd March 2026

Sacyr and ACS, only foreign firms selected by British government to build and renovate several hospitals in UK for €42 billion

Norbolsa | Sacyr and ACS have been selected by the British government to participate in the New Hospitals Programme, valued at £37 billion (around €42 billion). They are the only foreign companies among the ten chosen to build and renovate hospitals in England between 2025 and 2039, as part of the National Health Service plan. Each of the companies will be awarded a healthcare centre, yet to be determined, in…

Companies, Relevant News Item 3rd March 2026

Moeve begins construction of 300 MW hydrogen project in Palos de la Frontera, to be operational in 2029

Norbolsa | The company has approved the FID (investment decision) to launch the Onuba project, a hydrogen project in La Rábida. This project marks the start of construction of 300 MW (expandable to 400 MW) of hydrogen in Palos de la Frontera, which will be operational in 2029. Moeve will hold a 51% stake in this project, which will also involve Masdar (a renewable energy company from the United Arab…

In Spain, Relevant News Item 2nd March 2026

Spanish inflation remains at 2.3%, core surprises rising to 2.7%

Bankinter | CPI (preliminary) for February 2026 was 2.3% year-on-year, compared to the expected 2.2% and the previous 2.3%. Core CPI rose to 2.7% year-on-year, compared to 2.6% expected and 2.3% previously. In month-on-month terms, it rose to 0.4%, compared to 0.4% expected and a decline of 0.4% in January. Bankinter analysis teams’ view: Inflation is slightly surprising due to the one-tenth rebound in the core rate, after three consecutive…

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