Relevant News Item

Companies, Relevant News Item 21st September 2026

Técnicas Reunidas Wins a 120 Million Award in the London Court of Arbitration

The arbitral award issued by the London Court of Arbitration on September 7 orders MGT Teesside Ltd (MGT) to pay the consortium formed by Técnicas Reunidas (TRE) (73%) and Samsung (27%) the net amount of EUR 120 million, bringing to an end an arbitration filed by the consortium in 2021 against its client for contract termination and the execution of performance bonds. Additionally, regarding the Sitra Refinery project for Bapco,…

Moeve's Green Hydrogen Plant in Huelva. (Moeve Rendering).

Companies, Relevant News Item 18th September 2026

Moeve breaks ground in Huelva on Europe’s largest green hydrogen project

Institutional and business representatives highlighted on Thursday in Palos de la Frontera, Huelva, the industrial and strategic importance of the future first plant of the Andalusian Green Hydrogen Valley. Featuring 300 MW of electrolysis capacity, the project involves a joint investment of over €1 billion and is expected to generate an employment impact of more than 8,000 direct and indirect jobs. The laying of the first stone on Thursday was…

Companies, Relevant News Item 17th September 2026

Redeia will invest €17 billion to increase electrical grid capacity

After a two-year corporate battle over the saturation of Spain’s electricity system (with fallout including the huge controversy surrounding the April 2025 blackout), the Government has yielded to pressure from hundreds of companies demanding more investment in the transmission, or high-voltage, grid. The Minister for the Ecological Transition, Sara Aagesen, announced this Wednesday that investment in the Government’s new energy planning for this infrastructure will grow by 30% above initial…

Companies, Relevant News Item 16th September 2026

Telefónica will broadcast LaLiga matches for 5 years for around 1.65 billion euros

Telefónica has reached an agreement with DAZN to distribute the DAZN LaLiga package for five seasons, with a combined average value of 1.65 billion euros, as reported by the operator to the National Securities Market Commission (CNMV) this Tuesday. This package includes five matches per matchday of the First Division National League Championship across all 38 matchdays, for exploitation in the residential market on a pay-TV basis in Spain. This…

Companies, Relevant News Item 15th September 2026

Puig acquires remaining 50% stake in Laboratorios Isdin for €1.2 billion

Puig Brands notified the CNMV yesterday that it has entered into a share purchase agreement with Corporación Químico-Farmacéutica Esteve, S.A., to acquire shares representing 50% of the share capital of Isdin, S.A., a Spanish company operating in the dermo-cosmetics and skincare sector. Upon completion of the transaction, PUIG will hold 100% of Isdin’s share capital. The total purchase price for the shares is a fixed amount of EUR 1,200 million,…

Companies, Relevant News Item 14th September 2026

Only EQT remains in the bidding for Acciona Energía.

Investment managers KKR and BlackRock have reportedly dropped out of negotiations to acquire a significant stake in Acciona Energía (ANE). KKR apparently declined to proceed with the deal after acquiring Electricité de France’s North American renewables business for $4.2 billion. Meanwhile, BlackRock—which was participating through GIP—withdrew from the bidding after failing to meet the asking price set by the Entrecanales family: over €8 billion, an amount similar to the company’s…

Companies, Relevant News Item 11th September 2026

Morgan Stanley, holder of STC’s shares in Telefónica, reduces its stake from 13% to 8.3%

The adjustment in the reported stake by the US firm is due to the expiration of a portion of the financial derivatives used to hedge STC’s position in Telefónica. US investment bank Morgan Stanley has reduced its stake in Telefónica to 8%, a move that places the current value of its position at €1.726 billion, according to filings with the Spanish National Securities Market Commission (CNMV). Specifically, the entity’s holding…

Companies, Relevant News Item 10th September 2026

Naturgy’s chairman asserts that Spain’s Energy Plan is obsolete

Francisco Reynés, executive chairman of Naturgy, considers that the National Integrated Energy and Climate Plan (PNIEC) has already become obsolete given the pace at which the energy sector and the international landscape are evolving. “The National Integrated Energy and Climate Plan, from my perspective, has already become obsolete. Even the latest update lies far behind, not so much in terms of time, but when compared to all the events that…

Companies, Relevant News Item 9th September 2026

Inditex increases sales and net profit by 7% in the first half

Inditex maintained solid operational momentum during the first half of fiscal year 2026, delivering strong top-line growth and expanded margins across its core international markets. James Grzinic (Jefferies) says: ITX’s Q2 confirms an 8.1% YoY EBIT gain (3% shy of cons largely due to dd opex increases) as org growth of 9.5% was accreted by gm expansion of 22bps partly diluted by ope increases in excess of 10% (perhaps reflecting…

Companies, Relevant News Item 8th September 2026

OHLA asks banks and bondholders for a default waiver over the latest Qatar court ruling

OHLA has asked its creditors for a waiver to breach certain terms of its financing agreements following a recent ruling by Qatari courts ordering the construction company to pay 26.4 million euros in damages to Kentz and Voltas, subcontractors for the Sidra Hospital project in Doha. The Qatari court dismissed the cassation appeals filed by the joint venture formed by OHLA and Contrack Cyprus, as well as by Kentz Qatar…

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