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Azkoyen

CNMV admits takeover bid for Azkoyen at €10 per share

Spain’s National Securities Market Commission (CNMV) on Friday admitted for processing the application by Ohmnia Electronics to launch a voluntary public takeover bid (OPA) for Navarra-based group Azkoyen. This follows the offer submitted in August by Ohmnia—a company backed by Clerbil (the entity chaired by José Antonio Jainaga, chairman of Talgo and Sidenor), alongside the Basque Government, the BBK Foundation, and Kutxabank, among others—for the specialist in vending machines, payment…


cirsa

Lottomatica buys CIRSA (at 6x 2026E EV/EBITDA)

Lottomatica Group (LTMC-IT) and CIRSA have agreed on the principal terms of an all-stock combination that will create a global leading sports betting and gaming operator, through a cross-border merger by absorption of CIRSA into Lottomatica (LTMC-IT). The transaction is subject to approval by their respective General Shareholders’ Meetings and the fulfillment of relevant regulatory and corporate conditions. The combined company will have a pro forma Adjusted EBITDA of approximately…


Sacyr2

Sacyr obtains Investment Grade from S&P Global Ratings with a ‘BBB-‘ rating

S&P Global Ratings has assigned Sacyr a long-term corporate credit rating of ‘BBB-‘ with a ‘stable’ outlook, placing the company within the ‘Investment Grade’ category. According to a company press release, this is the first time Sacyr has received a rating from S&P. The company emphasized that this milestone “recognizes the transformation of its business model, its financial strength, and its evolution toward an increasingly concession-focused and international profile.” S&P…


santander sucursal 3CM

Santander launches a new share buyback program: €1.825 billion over one hundred days

Just three days after completing the share buyback program in which it invested more than €5 billion, Banco Santander has launched a new plan, allocating an additional €1.825 billion with the objective of acquiring 1% of its capital. The entity expects this new plan to extend over “98 trading sessions,” which could extend its execution until January 8, 2027, across the Spanish stock exchange as well as Turquoise Europe, DXE…


ACS nuevo

ACS awarded €450 million prison overhaul in Australia

Queensland has had an ambitious prison plan underway since 2023 and has just awarded ACS the contract to renovate and expand the Townsville Correctional Centre, one of the largest in the country. The investment budget is around AUD 1 billion. Its subsidiary, CPB Contractors, will execute the works for slightly less—approximately AUD 730 million (around €450 million). In collaboration with Queensland Corrective Services (QCS) and the Department of Housing and…


Spain EUFunds

Spain drops one place in activist fund preferences—down to eighth position—with $3.555 billion invested

Sodali has published its report on activist funds for the second quarter of the year, in which Spain fell from 7th to 8th position and activist investors closed or reduced more positions than they added. They increased or initiated 798 positions and trimmed or exited 1,026. The US is the top market for these funds, with total investments of $242.936 billion, followed at a considerable distance by the Japanese market…


Airbus

Airbus Spain workforce votes in favor of an indefinite strike

Airbus Spain workers will begin an indefinite strike starting today, Tuesday, August 25. The employees made the decision this Monday in assemblies organized by the CGT, UGT, and ÚTIL trade unions, voting to reject the company’s latest proposal and maintain the initially planned walkout, even though negotiations for an agreement will continue in the coming days. The European aerospace giant has eight production sites in Spain, employing a total of…


Santander

Santander completes its share buyback program

Banco Santander has announced that it has completed its share buyback program after reaching the maximum scheduled investment of €5.03 billion. In total, the bank acquired 462,683,139 treasury shares, equivalent to approximately 3.08% of its share capital. The program, regularly reported to the market in accordance with European regulations, aimed to cancel the acquired shares and reduce the share capital, a measure authorized by the European Central Bank (ECB) on…


ferrovial

Ferrovial awarded a $9.2 billion, 42 km highway project in Tennessee

The Drive TN consortium, led by Ferrovial, has been awarded the development of the express lanes on the I-24 Southeast highway in the Nashville metropolitan area (Tennessee). The project involves a total investment of $9.2 billion (around €7.88 billion). The project will cover a 42-kilometer section in both directions of the I-24 highway, running from the I-40 in eastern Nashville to the I-840 near Murfreesboro, one of the region’s most…


Deoleo

Coricelli raises bid for Deoleo to 500 million

Italian group Coricelli counterattacks and raises its offer for Deoleo to 500 million euros, outbidding Dcoop, which made a purchase proposal of 460 million . Deoleo, owner of brands such as Koipe and Carbonell, confirmed yesterday afternoon in a statement to the CNMV that both CVC and Alchemy are studying the sale of their stakes—50.9% and 40.3% respectively—though without yet mentioning potential buyers. According to the group, the funds “are…