Bankinter | The board of directors of Endesa has approved two different tranches of buybacks. On the one hand, a first tranche of €17.3 million intended to comply with the flexible remuneration programmes for group employees, with a maximum of 1.11 million shares. The execution period will run from 28 March to 14 April. The second tranche is valued at a maximum amount of €500 million and the objective is…
Renta 4 | Repsol has reached an agreement to consolidate its upstream oil business in the UK with NEO Energy Group Limited, a leading independent oil and gas operator in the UK. The agreement will be structured through a share swap in which Repsol will have a 45% stake in the joint venture and NEO UK a 55% stake, reflecting the contribution and strategic alignment of both groups, with a…
Link Securities | The Spanish National Commission on Markets and Competition (CNMC) board, which met last Monday, has asked BBVA to make new commitments in its takeover bid for Banco Sabadell, mainly in relation to the SME business and financial inclusion issues, according to Expansión newspaper. The CNMC has suggested that BBVA extend the deadlines for the proposed measures on the SME business. The regulator’s experts believe that an 18-month…
Bankinter | The energy giant Taqa, controlled by the Emirate of Abu Dhabi, is studying the possibility of acquiring a stake in Naturgy. According to articles that have appeared in the press, Taqa would enter with a non-majority shareholding, hand in hand with CriteriaCaixa and with the approval of the Government, which has the right of veto over this type of strategic operation. At the moment, Naturgy has a self-tender…
Santiago Martínez Morando (Ibercaja) | The strong growth of the mortgage market experienced in the second half of 2024 continued in January: the number of mortgages granted grew by 11.0% year-on-year, the average amount per mortgage by 10.2% and the total amount granted by 24.3%. In twelve months, 429,000 mortgages were granted for an average value of €146,835 and a total amount of €62,948 million. Number of mortgages granted in…
CdM | Grifols shares lost more than 5% on the stock market on Monday. Last Friday, after the market had closed, a report was published by the National Securities Market Commission (CNMV) that was highly critical of the company’s financial management. According to the report sent by the CNMV to the investigating judge in the case, José Luis Calama, and to which “El Mundo” has had access, Grifols’ top management…
Intermoney | The EU has urged its governments to increase military spending by at least 1.5 percentage points of GDP, which would imply an increase of around €650 billion in total. To this end, they will present a plan to provide greater fiscal flexibility to governments to boost their defence spending. We have already published a report in which we analysed why allocating 2% of GDP to defence was not…
Link Securities | The largest US bank yesterday notified the National Securities Market Commission (CNMV) of a 3.12% stake in the bio-pharmaceutical company Pharmamar. JPMorgan Chase, which reached this threshold last Monday, owns this package directly in shares (2.54%) and the rest (0.57%) through financial instruments (equity swap). With this operation, carried out through different companies and investment funds, this stake would be valued at €56.8 million. Other PharmaMar shareholders,…
Bankinter | The company announced yesterday that it has been selected as the preferred bidder for the contract to supply a new train fleet for the Belgian operator NMBS/SNCB (Société Nationale des Chemins de Fer Belges). The operator has approved the purchasing process with the selected company, pending the finalisation of the award. If the agreement is finally reached, it would involve an initial commitment of around €1,695 million (54,000…
According to data from the Ministry of Labour and Social Economy, the number of unemployed registered in the offices of the Public Employment Service (SEPE) decreased in February by 5,994 people compared to the previous month (down 0.23%), reaching 2,593,449 people, the lowest figure for this month since 2008. This represents 10.4% of the active population. Meanwhile, according to data published by the Ministry of Inclusion, Social Security and Migration,…