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Digi

Digi hires Barclays, Santander and UBS as coordinators for Spanish subsidiary’s stock market listing

Alphavalue/DIVACONS | Romanian telecommunications group Digi has hired Barclays (BARC-GB), Santander (SAN) and UBS (UBS-CH) as coordinators for the stock market listing of its Spanish subsidiary, according to a report in Expansión newspaper on Monday. The operation, which is being advised by Rothschild, is scheduled for 2026, with May as its first window. With its stock market debut, which values the Spanish business at around €2.5 billion, Digi is seeking…


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Better pricing environment, increased installed capacity and high combined cycle production will maintain Naturgy’s trend

Renta 4 | Naturgy (NTGY) will publish its 9M25 results on Wednesday, 29 October 2025, before the market opens, with a conference call at 11:30 a.m. Target price €26.10 and underweight recommendation. G A good performance is expected for 9M figures, which should continue the trend seen in the first half of the year (9M24 figures pending publication). The improved pricing environment favours the energy management business, with a possible…


Repsol

Repsol becomes exclusive official lubricant supplier for Moto2 and Moto3 World Championships

Alphavalue / Divacons | The Spanish oil company has signed a strategic alliance with Dorna Sports, the organiser of the MotoGP World Championship, to become the exclusive official lubricant supplier for the Moto2 and Moto3 categories. This agreement will run from 2026 to 2030. Repsol has lubricant production plants in Spain (Puertollano), Mexico, Indonesia, Singapore, and the Philippines, as well as access to third-party plants, enabling it to distribute its…


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Enagás Revenue Increases 6.9%

Enagás presented its results for the first nine months of the fiscal year (9M2025) yesterday. The total demand for natural gas and exports in 9M2025 stood at 267.6 TWh, 6.6% higher than the figure recorded in the same period of 2024. In this context, the company raised its revenue figure by 6.9% year-on-year, reaching €711.2 million (up 2.6% compared to the FactSet consensus). Of this amount, €693.0 million (up 6.8%…


Neinor nuevo

Neinor Homes AGM approves takeover bid for Aedas and reiterates 2025 guidance

Renta 4 | On Monday, Neinor Homes held its extraordinary AGM to obtain approval for the takeover bid for AEDAS Homes. The company also took advantage of the AGM to reiterate its 2025 guidance and provide operational visibility, highlighting: 1) having received the Final Works Certificate (FWC) for 100% of the developments scheduled for delivery in 2025; 2) a 2025 pre-sale coverage ratio of close to 97% and 75% for…


Cellnex

Cellnex sells all shares in Towerlink France for €391 million

Link Securities | Cellnex (CLNX), through its wholly owned subsidiary, Cellnex France, S.A.S., has entered into a put option agreement with Vauban Infra Fibre, under which Cellnex France, S.A.S. may, following the usual information and consultation process with the works council of Cellnex France, S.A.S. in France, sell and transfer all of its shares in Towerlink France, S.A.S., representing 99.99% of its share capital. Towerlink France, S.A.S. is the entity…


Grifols

Grifols boosts diagnostics business with €43 million expansion of San Diego plant

Renta 4 | The company has expanded its San Diego (US) campus dedicated to diagnostics and, in particular, blood typing. The expansion, at an approximate cost of $50 million (€43 million), has included the construction of a new plant that nearly doubles the surface area to 18,200 m2. Grifols has begun production of DG Gel cards, used in blood typing tests, and red blood cell reagents, used to detect antibodies….


bbva sabadell

Following failure of Sabadell takeover bid for, BBVA to pay interim dividend of €1.8 billion to leave best possible impression

Jefferies | With a low acceptance rate of 25%, BBVA’s takeover bid for Sabadell has reached a deadlock. We now expect management to focus on leaving the best possible impression. This implies the possibility of distributing 15% of market capitalisation in the short term and up to 40% in 2028. We expect the shares to react positively, given the implications that an acceptance level of less than 50% would have…


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Naturgy begins construction of first battery storage projects in Spain

CdM | Naturgy (NTGY) has begun construction of its first battery storage projects in Spain. These are batteries that will hybridise the Tabernas I and II photovoltaic parks in the province of Almería, and El Escobar and Piletas I in Las Palmas (Canary Islands), also managed by Naturgy. These projects are part of a total portfolio of ten facilities that Naturgy plans to launch in 2026, nine of which will…


indra edificio

Government allocates most of defence loan budget to Indra: €2.178 billion out of total €6.89 billion in 0% loans

Indra headquartersRenta 4 | The government has allocated €6.89 billion in 0% loans to the military industry through the approval of three Royal Decrees to finance 18 PEM (Special Modernisation Programmes) projects. In September, the government already approved €7.334 billion for 13 PEM projects that had gone to Airbus (€3.68 billion), Navantia, Hisdesat and Indra itself. In this award, Indra will be the main beneficiary and will receive €2.178 billion…