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French company Technique Solaire acquires 11 onshore wind farms from Iberdrola for approximately €100 million

Link Securities | The company has reached an agreement with Technique Solaire, a French renewable energy platform, regarding the sale of a portfolio of 118 megawatts (MW) of onshore wind energy in France for around €100 million, according to several market sources consulted by Expansión. Technique Solaire has won a competitive process launched by Iberdrola to divest 11 onshore wind farms already operating in the country, among which Pays de…


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CAF wins €500 million contract in Brazil for maintenance of electric trains on São Paulo rail network for 24 years

Renta 4 | CAF has been awarded a contract for the comprehensive maintenance of 107 electric trains for the São Paulo rail network. The contract is worth around €500 million and has a duration of 24 years, starting from the beginning of commercial operation, scheduled for July 2026. Assessment: Positive news from a strategic point of view as it strengthens the company’s leading position in rolling stock maintenance in Brazil….


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Banco Sabadell pays 300 shares promised to 14,000 employees if BBVA takeover bid failed

Link Securities | On Wednesday, the Catalan bank paid each of its employees 300 shares, as promised by management if BBVA’s takeover bid failed, according to the digital newspaper elEconomista.es. According to Europa Press, Sabadell has invested €13 million in the purchase of this remuneration package. The bank has 14,000 employees, mainly in Spain, the US and Mexico. The total package amounts to 4.2 million shares. Sabadell has confirmed that…


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Colombian competition authority authorises sale of Telefónica’s subsidiary to Millicom

Norbolsa | Colombia’s competition regulator has approved the merger of Movistar and Tigo (a subsidiary of Millicom), but with conditions and possible penalties in the event of non-compliance, in order to facilitate the sale of Telefónica Colombia’s shares to Millicom. Following this operation, the sale of the Colombian government’s shares to Millicom and EPM’s shares to Tigo remains pending, in order to finalise Telefónica’s exit from the country as part…


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Repsol plans to double size of lubricants business

Renta 4 | According to information published in the press, the update of Repsol’s (REP) Strategic Plan for the coming years, which will be announced in March, plans to double the size of the lubricants business, exceeding €1 billion in turnover and reaching around €120 million in EBITDA (vs ~€480 million in sales and ~€64 million in EBITDA in 2024), increasing production from around 220,000 tpy to ~320,000 tpy in…


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Repsol reportedly negotiating merger with Apache to list upstream business in US

Renta 4 | According to press reports, Repsol is negotiating a merger with Apache Corporation, a US oil company listed on the Nasdaq with a market capitalisation of $8.76 billion. According to the information, these negotiations would be part of the ‘liquidity event’ agreed with EIG after its entry into Repsol’s capital by 2026. We recall that this event could consist of an initial public offering, a reverse merger with…


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Talgo to hold EGM on 12 December to finalise Basque consortium’s entry and propose capital increase of €3.18 million

Link Securities | The company has called an extraordinary general meeting of shareholders for 12 December 2025, on first call, or 13 December, on second call, with the aim of approving the agreements that will allow the completion of the entry into its capital of the consortium led by José Antonio Jainaga, president of Sidenor, and also participated in by the Basque Government and the BBK and Vital banking foundations….


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Major Spanish construction companies form consortiums to bid for macro-contract to expand and operate I-77 South motorway (North Carolina)

Link Securities | Acciona, ACS, FCC, Ferrovial and Sacyr are preparing their bids for a new macro-road project in the US, according to an article in elEconomista.es. They are finalising their alliances to submit their credentials in mid-December in the tender for the expansion and subsequent operation, using a managed lanes model, of the I-77 South motorway in North Carolina. The project will require an estimated investment of between $3.2…


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Naturgy to purchase 1 million tonnes of LNG per year from Venture Global for €4 billion

Alphavalue / Divacons | The energy company and Venture Global, the second largest producer and exporter of liquefied natural gas (LNG) in the United States, yesterday formalised a purchase agreement for the acquisition of one million tonnes per year of liquefied natural gas (LNG). The supply will come from the CP2 LNG plant, located in Louisiana (US). The contract is valued at more than €4 billion and will be effective…


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Pharmamar receives $10 million for reaching Yondelis licence agreement commercial milestone in US

Alphavalue/ Divacons | The biopharmaceutical company received a payment of $10 million from Janssen Products LP, a subsidiary of Johnson & Johnson. This payment comes upon reaching a commercial milestone related to the Yondelis (trabectedin) licence agreement in the United States. The payment stems from the August 2019 licence agreement, under which Janssen has exclusive rights to market and distribute Yondelis in the US market. Janssen has exclusive commercial rights…