Relevant News Item

Relevant News Item 6th February 2026

Telefónica reduces debt by €1.6 Billion following sale of Colombian subsidiary

Telefónica has finalized the sale of its Colombian subsidiary to Millicom for $214 million (approximately €182 million at current exchange rates). Additionally, the operation will result in a reduction of its net financial debt by approximately €1.55 billion, as reported to the National Securities Market Commission (CNMV) on Thursday night. Having obtained the relevant regulatory approvals and met the established conditions, the company has transferred its entire 67.5% stake in…

Relevant News Item, Spanish economy 5th February 2026

BBVA reports 4Q25 attributable profit of €2,533m, slight miss versus company consensus

Jefferies | BBVA reported 4Q25 attributable profit of €2,533m, which was a slight miss versus company consensus of €2,554m. PBT was a slight miss as well, with PPP a 2% beat. Group top line was a 2% beat, but partly offset by costs 3% higher than consensus. Impairments were a 9% miss. By geography, beats in Spain and Mexico, offset by Turkey missing. Final dividend of 60c per share announced….

In Spain, Relevant News Item 3rd February 2026

Santander acquires Webster, becoming 10th Largest U.S. Bank after posting €14.1 billion profit in 2025

“If you are not in the U.S., you cannot aspire to be a global bank,” stated Ana Botín, Executive Chair of Banco Santander, explaining the acquisition of Webster for $12.2 billion—an all-stock transaction. She described the move as a “growth operation” that will “allow us to increase earnings by 7% and positions us to be one of the most competitive banks in the U.S., with the expectation of reaching an…

Companies, Relevant News Item 2nd February 2026

US Treasury authorises Repsol and ENI to collect PDVSA’s accumulated debt, estimated at around $6 billion

Alphavalue/Divacons | The new general licence issued by the US Treasury authorises ENI (Reduce, Target Price €18.4/share) and Repsol to collect PDVSA’s accumulated debt, estimated at around $6 billion, through the exchange of Venezuelan heavy crude oil for fuels. After producing gas without receiving direct payments, this measure re-establishes a crucial channel for value recovery, albeit under a stricter US regulatory framework that prohibits the use of Chinese-controlled infrastructure. Given…

In Spain, Relevant News Item 28th January 2026

That Determination to Sow Discord

J.A. | “Becoming legal in Spain: five months… An appointment with the dermatologist: 16 months.” Spanish social media was flooded with messages of this kind upon learning how the Government approved—via Royal Decree-Law, meaning without the need for Parliamentary approval—a regularization process that could benefit more than half a million undocumented immigrants (out of an estimated 840,000 currently in Spain). It will be enough to prove residency in Spain prior…

Companies, Relevant News Item 27th January 2026

Repsol to install second large-scale electrolyser at Petronor refinery in Muskiz, Vizcaya

Link Securities | Repsol (REP) will install its second large-scale electrolyser at its Petronor refinery in Muskiz (Vizcaya), according to Bolsamanía. The new 100 MW infrastructure will require an investment of €292 million to be operational in 2029. The electrolyser will have the capacity to produce up to 15,000 tonnes of renewable hydrogen per year, which will be used mainly in the Petronor refinery’s own processes. As part of the…

Companies, Relevant News Item 23rd January 2026

Iberdrola completes sale of renewable energy business in Hungary for €171 million

Alphavalue/Divacons | The Spanish utility has completed the sale of its renewable energy business in Hungary for €171 million. The transaction was completed after obtaining all the necessary regulatory authorisations for the transfer of 100% of the shares of Iberdrola (IBE) Renovables Magyarország KFT. The business has been acquired by a consortium comprising Premier Energy, a company that already purchased Iberdrola’s assets in Romania in 2024, and a subsidiary of…

Companies, Relevant News Item 22nd January 2026

Bankinter posts €278 million in revenue in Q4 2025, cost of deposits remains virtually stable thanks to over €5 billion in digital accounts

Jefferies | Fourth quarter 2025 results are in line with forecasts, but we believe that the slight decline in net interest income will be the main topic of discussion today. The cost of deposits remained virtually stable during the quarter, thanks to the great success of the digital account promotions carried out during the fourth quarter of 2025, with a new campaign announced in January. We believe this raises questions…

Companies, Relevant News Item 20th January 2026

Telefónica: European Digital Networks Act approved today to ease conditions imposed on M&A transactions and promote consolidation in sector

Bankinter | The European Commission will today approve the Digital Networks Act (DNA), a regulation that will facilitate consolidation processes in the European market. The new legislation will repeal and replace the European Electronic Communications Code (EEC), historically designed to protect competition in the sector, generally to the detriment of competitiveness. It no longer prioritises the defence of end-user interests and takes an approach geared towards resilience, the creation of…

Relevant News Item 15th January 2026

Business creation in Spain rises 9% and records best November since 2006

CdM | Business creation experienced its best November since 2006. According to data from the National Statistics Institute (INE), in the penultimate month of 2025, 10,871 commercial companies were created, 9% more than in November of the previous year, marking eight consecutive months of growth. 19.6% of the commercial companies created in November were in the real estate, finance and insurance sectors, and 16% were in construction. By autonomous community,…

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