Relevant News Item

Relevant News Item 1st July 2025

Redeia president says Red Eléctrica to make record investments in new strategic plan

Link Securities | Beatriz Corredor, president of Redeia (RED), which is holding its General Shareholders’ Meeting on Monday, announced in an interview with Expansión newspaper that the holding company that owns Red Eléctrica will make record investments in a new strategic plan and that the electricity system will emerge stronger after the blackout. The newspaper notes that Corredor, two months after the blackout, criticised the role of the electricity companies,…

Relevant News Item 30th June 2025

Preliminary CPI in Spain rises 2.2% year-on-year in June, two tenths more than in May

CdM | The Consumer Price Index (CPI) rose by two tenths of a percentage point year-on-year in June to 2.2%, due to higher fuel and food prices, according to data released on Friday by the National Statistics Institute (INE), reports Europa Press. With the upturn in the year-on-year CPI in the sixth month of the year, inflation is rising again after three consecutive months of declines in its year-on-year rate….

Relevant News Item 16th June 2025

Aena to execute 10×1 split on 19 June, and announces 3% increase in passenger traffic in Spain in May

Intermoney | Aena (AENA) (Buy, Target Price £215/share) confirmed on Thursday that it will execute the previously announced 10×1 split next Thursday, 19 June; this measure was already announced in conjunction with the 2024 annual results. On the other hand, the operator announced, with the market open, passenger and freight traffic figures for May 2025. The figures for Spain showed an increase of 3% last month to over 29 million…

Relevant News Item 13th June 2025

Grifols’ takeover bid for Biotest, accepted by 2.11% of ordinary shares with voting rights (1.05% of capital)

Alphavalue/ Divacons | The Catalan plasma derivatives company announced yesterday that, once the period for acceptance of the delisting takeover bid for Biotest has ended, it will control 99.25% of the company. Biotest was delisted on 6 June, according to the information sent to the National Securities Market Commission (CNMV). The delisting offer was accepted by a total of 416,922 ordinary shares of Biotest and 3,002,804 non-voting preferred shares. In…

Relevant News Item 11th June 2025

Bank of Spain targets GDP growth of 2% p.a. by 2025 with effects of long tariff war

Bankinter: Bank of Spain downgrades GDP projections to +2.4% p.a. for 2025 (-0.3pp) and +1.8% p.a. 2026 (-0.1pp). In his appearance before the Congressional Committee on Economy, Trade and Digital Transformation, the Governor of the Bank of Spain anticipated the revision of the quarterly macro picture whose report will be published today. The adverse scenario with a prolonged tariff escalation would have a “significant negative impact” on the Spanish economy,…

Relevant News Item 10th June 2025

Betting on Taco might backfire

JP Marín Arrese | The markets are betting on Taco, the acronym coined by Robert Armstrong to assert that ‘Trump always chickens out’. It appears to work for the time being, at least as far as trade is concerned. Upon entering office, Trump threatened to wage an attrition war on Canada and Mexico, leading them to utter misery. Later on, he scaled back such bellicose plans to mere increases in…

Relevant News Item 9th June 2025

Electricity system costs increase by 59.4% in May due to security measures taken by Redeia

Alphavalue/DIVACONS | Electricity system costs increased by 59.4% in May compared to April due to measures taken by Red Eléctrica de España (Redeia) (REE) to reinforce security of supply following the 28 April blackout caused by the collapse of the peninsular system, according to data from Grupo ASE. The consultancy’s analysts point out that Red Eléctrica has been operating “with extreme caution” since the incident, resorting to fossil synchronous technologies…

Relevant News Item 9th June 2025

Caixabank claims €132m from large insurers for alleged breaches of contract in Bankia’s flotation

Link Securities | Caixabank (CABK) has filed a lawsuit claiming €132 million from five major insurers (Liberty, Allianz, Zurich, Torus and Beazley) for alleged breaches in the contract to cover the civil liability of Bankia’s IPO, according to the newspaper Expansión. Caixabank considers that the expenses that Bankia had to face after its rescue were a circumstance that was covered by the insurance policy taken out.

Relevant News Item 6th June 2025

Morgan Stanley raises 3.331% stake in Indra, mainly through financial derivatives

Alphavalue/Divacons | The company is negotiating the sale of its outsourcing division Servinform, a Spanish firm specialising in digitalisation services for companies, which has just been acquired by the Anglo-Swiss private equity firm AS Equity Partners. On the other hand, Morgan Stanley has raised a 3.331% stake in Indra, mainly through financial derivatives, according to National Securities Market Commission (CNMV) records. Other major shareholders: SEPI (28%), Escribano (14.3%), SAPA (7.9%),…

Relevant News Item 5th June 2025

General Dynamics-Santa Bárbara closes door on possible acquisition of Santa Bárbara by Indra

Bankinter | General Dynamics closes the door to the acquisition of its Spanish subsidiary (Santa Bárbara Sistemas) after presenting its 2030 strategic plan. Indra (IDR) expressed three months ago its interest in buying Santa Bárbara Sistemas. However, Santa Bárbara Sistemas is owned by General Dynamics, which yesterday presented its strategic plan in Spain: “Industrial and Technological Plan 2025-2030”. The main points are to increase the production capacity of ground vehicles,…

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