Relevant News Item

Repsol novedad

Centrica reaches supply agreement with Repsol to buy 1 Mt of LNG between 2025-2027

Link Securities| Repsol (REP) and Centrica have signed an agreement that will increase the UK’s energy security in the coming years, according to elEconomista. The agreement will see the British company purchase 1 million tonnes of liquefied natural gas (LNG) between 2025 and 2027. Under the agreement between the two companies, all of these cargoes are expected to be delivered to the Grain LNG import terminal in Kent. The deal…


Talgo

Hungarian company Magyar Vagon prepares €632 million takeover bid for Talgo

When it rose more than 9% on the stock market, the National Securities Market Commission (CNMV) yesterday suspended the listing of the Spanish train manufacturer controlled by Trilantic after four months waiting for the industrial investor, Magyar Vagon, linked to the Government of Viktor Orban, to launch the takeover bid for it. The cash takeover bid for 100% of Talgo consists of a payment of €5 per share, which is…


Ferrovial

Spanish airport traffic grows 16.2% in 2023 to 283.2 million passengers, exceeding 2019 traffic by 2.9%

Renta 4 | Passenger traffic figures for 2023 have shown an excellent performance, mainly in the last quarter of the year, when they have comfortably exceeded the figures reached before the pandemic. The rest of the year the figures were slightly above 2019 (the exception was June where they were slightly below the pre-pandemic traffic). Overall, there was a growth of +16.2% compared to 2022, reaching a 2.9% higher traffic…


prosegur

Prosegur announces 10% growth in Prosegur Securit, its surveillance and technology business

Link Securities | Prosegur (PSG) said Monday in a press release that it reported 10% growth in 2023 in its surveillance and technology business, Prosegur Securit, according to Europa Press. The firm has celebrated the first anniversary of its Intelligent Security Operations Centre (iSOC) in Madrid, consolidating its commitment to the hybrid security model, which has been key to exceeding the 10% growth of its Prosegur Security division. Specifically, the…


Aena nuevita

Aena considers buying Edinburgh Airport for nearly €3 billion

Bankinter | Aena (AENA) is analysing the purchase of Edinburgh Airport for nearly €3 billion. Aena is looking into the possibility of participating in the sale of Edinburgh airport, 80.9% owned by Global Infrastructure Partners (GIP), which has hired HSBC and JPMorgan for a transaction that should be carried out during the first half of this year. GIP aims to raise around £2.5 billion (€2.9 billion). Assessment: This potential acquisition…


ACS new

ACS to replace two bridges managed by Amtrak rail transport network in Northeast corridor of US for €1.37 billion

Norbolsa| ACS has been contracted to replace two key bridges in the Northeast US rail corridor operated by Amtrak, the country’s largest transportation operator and manager. The Spanish group, associated with the local firm Herzog, and through its subsidiary Flatiron, will be in charge of replacing the two bridges on the Susquehanna River Rail Bridge (Maryland, USA), with an investment budget of $1.5 billion (around €1.37 billion). The project will…


Grifols

Gotham City Research make over 20 million after sinking Grifols’ share price but don’t seem to be discovering anything really new

Following the accusations made by Gotham City Research about alleged accounting irregularities at GRIFOLS (GRF), where on Monday it declared 0.5% of its capital in short positions, the plasma derivatives multinational sent a new statement to the CNMV (National Securities Market Commission) yesterday afternoon in which it denied the main arguments of the bearish investment firm. GRF stresses that all the information is contained in public documents submitted to the…


grifols1 777x400 1

Gotham City Research accuses Grifols of hiding Ebitda of over 10x behind artificial 6x figure

Gotham City Research, the investment fund that denounced the Gowex fraud and caused the company’s stock market collapse, has issued a negative report on Grifols on Tuesday. It considers that the Spanish pharmaceutical company has manipulated its accounts “to artificially reduce its leverage”. As a result, it considers that “the shares are not investable” because “they are probably worth zero”. Gotham accuses Grifols of having manipulated debt and Ebitda to…


nasdaq pantallas

Ferrovial expected to be listed on Nasdaq in first quarter of this year, joining the Russell Indexes

Bankinter| Ferrovial has notified the SEC, the US stock exchange regulator, of its intention to list on the Nasdaq. The aim is to ring the bell before the end of the first quarter of this year. The choice of Nasdaq over NYSE is due to several reasons: lower cost, electronic trading and greater dynamism. Analysis team’s opinion: Ferrovial had already announced its intention to list in the US. In fact,…


Telefonica novisima

Telefónica’s final direct cost savings with layoff programme represent close on 48% of €600m of those announced in November 2023 plan

Banc Sabadell | Telefónica (TEF) has communicated this week the agreement for the execution of the planned redundancy proceedings for its subsidiaries in Spain, which will finally affect 3,421 employees (~16% of the employees in Spain, ~3% of the Group), in line with what was already known. In the statement, Telefónica indicates that the present value of the costs associated with the plan has resulted in a provision of close…