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renfe america

Renfe allocates €1.777 billion for purchase of 40 next-generation AVE trains

Renfe’s Board of Directors has approved an investment of €1.777 billion for the acquisition of up to 40 trainsets. This order was previously announced in November by the Minister of Transport, Óscar Puente, and has now been reactivated after a two-month halt following the Adamuz accident. The purchase will be structured as an initial order of 30 trains for €1.362 billion, plus an option for an additional 10 units. These…


Grifols

Grifols to evaluate potential U.S. IPO for part of Biopharma business, but retaining control of listed subsidiary

Renta 4 | According to a regulatory filing, the Board of Directors will begin evaluating a potential U.S. IPO of a minority stake in Grifols Biopharma US. The parent company would remain listed in Spain and retain control of the U.S. business. The transaction would allow the company to raise capital to strengthen the group’s balance sheet and reduce debt (which stood at 4.2x debt-to-EBITDA at the end of 2025)….


puig preciosa

Puig Brands in talks with Estée Lauder regarding potential merger: resulting company could have market capitalisation exceeding €35 billion

Renta 4 | According to a regulatory announcement issued by the company itself, it is in talks with Estée Lauder regarding a potential merger. According to the same information, no decision has been taken and no agreement has been reached at this stage, and neither the transaction nor its terms can be guaranteed. If the deal goes ahead, the resulting company could have a market capitalisation exceeding €35 billion, with…


Repsol Strategic Plan

Repsol secures 42 new exploration licences in Alaska, working alongside Shell with 30% stake

Banco Sabadell | Repsol has been awarded 42 new exploration blocks in the latest federal licensing round in Alaska and will participate alongside Shell in a partnership in which Repsol will hold a 30% operating interest. Assessment: Positive news, albeit of limited impact, reflecting Repsol’s commitment to North America, particularly Alaska. We note that Pikka would be one of the largest conventional onshore discoveries in the US, where the company…


indra edificio 2

Escribano (EM&E) withdraws from merger/acquisition deal with Indra, Ángel Escribano to continue as chairman

Bankinter | According to the statement published on Thursday: “In view of the Material Information published by SEPI on 18 March 2026, we at EM&E consider that the circumstances currently do not permit a potential transaction between Indra Group and Escribano Mechanical and Engineering SLU, and therefore EM&E is withdrawing from the transaction”. Bankinter analysis team’s view: The impact on the share price was negative yesterday (down 12.3% at close…


Ferrovial construcción

Ferrovial sets price for €500 million bond issue maturing on 18 September 2032

Link Securities | The Spanish construction company informed the National Securities Market Commission (CNMV) that, via a market announcement on 11 March 2026, it had announced the pricing of a €500 million bond issue maturing on 18 September 2032. Further to the previous information, Ferrovial announces that, as of yesterday, the Bonds have been subscribed and paid for by investors. The Bonds have been admitted to trading on the regulated…


inditexCM

Inditex flagship brand Zara announces two-year creative collaboration with designer John Galliano

Link Securities | Zara, the flagship brand of Inditex (ITX), announced on Tuesday a two-year creative collaboration with designer John Galliano, who will reinterpret the brand’s archive across various collections, according to a report in Expansión on Tuesday. With this partnership, Zara continues to advance its strategy of positioning itself as an affordable luxury brand. The chain has other high-profile partnerships, such as with Jo Malone for perfumes, and others…


ferrovial budimex

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…


Repsolito 1

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…


telefonica edificio

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…