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Indra novedad

Indra shareholders approve acquisition of 89.68% of Hispasat from Redeia for €725 million

Link Securities | At Friday’s Extraordinary Shareholders’ Meeting, Indra (IDR) shareholders approved the acquisition of 89.68% of Hispasat for €725 million from Redeia (RED) (and the rest of the items on the agenda), which, for its part, purchased that percentage of Hispasat in 2019 for €933 million, valuing 100% of the company at that time at more than €1 billion, according to Expansión newspaper. The transaction, which was announced in…


DeutscheBorse

Deutsche Boerse launches Takeover Bid for Allfunds, valuing it at €5,351 Million

Bankinter | The main conditions of the transaction are: A valuation of €5,351 million, which implies a price of €8.80 per share (a premium of 32% versus the closing price on Nov 27). The transaction will be settled 50% in cash and 50% in shares. The company has not announced the number of new shares it will issue. However, taking into account the average valuation over the last 10 days,…


Neinor nuevo

CNMV authorises Neinor’s first takeover bid for Aedas at €21.33 per share

Bankinter | The National Securities Market Commission (CNMV) has approved Neinor’s voluntary takeover bid for Aedas at a price of €21.335 per share, although this is conditional on the price having been agreed in advance with Aedas’ main shareholder (Castlelake, 79% of the capital). If 50% of the minority shareholders do not accept the offer, a mandatory takeover bid will have to be launched. Neinor has already announced that this…


acerinox industria acero

Acerinox: EC plans to strengthen trade protection point to shift towards industrial policy more favourable to steel

Deutsche Bank | In recent years, steel stocks have been affected by weak demand, import pressure and political headwinds, and although fiscal spending and interest rates could provide support, we remain cautious on demand. However, the European Commission’s (EC) plans to significantly strengthen trade protection point to a significant shift towards a more steel-friendly industrial policy. If these measures are implemented, even partially, steelmakers are likely to return to an…


naturgy eolica

Naturgy promotes project for development of seaborne floating photovoltaic technology

CdM | Naturgy (NTGY) announced on Tuesday that it has promoted, through its innovation platform Innovahub, a pioneering project in Spain for the development of floating photovoltaic technology in the open sea. It has done so in collaboration with Spanish start-up BlueNewables, with the aim of ‘exploring new renewable solutions that enable progress in the decarbonisation of the energy system’. As Naturgy explained in a statement, the project involves the…


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French company Technique Solaire acquires 11 onshore wind farms from Iberdrola for approximately €100 million

Link Securities | The company has reached an agreement with Technique Solaire, a French renewable energy platform, regarding the sale of a portfolio of 118 megawatts (MW) of onshore wind energy in France for around €100 million, according to several market sources consulted by Expansión. Technique Solaire has won a competitive process launched by Iberdrola to divest 11 onshore wind farms already operating in the country, among which Pays de…


CAF trolleys

CAF wins €500 million contract in Brazil for maintenance of electric trains on São Paulo rail network for 24 years

Renta 4 | CAF has been awarded a contract for the comprehensive maintenance of 107 electric trains for the São Paulo rail network. The contract is worth around €500 million and has a duration of 24 years, starting from the beginning of commercial operation, scheduled for July 2026. Assessment: Positive news from a strategic point of view as it strengthens the company’s leading position in rolling stock maintenance in Brazil….


Sabadell Torre Sabadell

Banco Sabadell pays 300 shares promised to 14,000 employees if BBVA takeover bid failed

Link Securities | On Wednesday, the Catalan bank paid each of its employees 300 shares, as promised by management if BBVA’s takeover bid failed, according to the digital newspaper elEconomista.es. According to Europa Press, Sabadell has invested €13 million in the purchase of this remuneration package. The bank has 14,000 employees, mainly in Spain, the US and Mexico. The total package amounts to 4.2 million shares. Sabadell has confirmed that…


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Colombian competition authority authorises sale of Telefónica’s subsidiary to Millicom

Norbolsa | Colombia’s competition regulator has approved the merger of Movistar and Tigo (a subsidiary of Millicom), but with conditions and possible penalties in the event of non-compliance, in order to facilitate the sale of Telefónica Colombia’s shares to Millicom. Following this operation, the sale of the Colombian government’s shares to Millicom and EPM’s shares to Tigo remains pending, in order to finalise Telefónica’s exit from the country as part…


repsol sede madrid

Repsol plans to double size of lubricants business

Renta 4 | According to information published in the press, the update of Repsol’s (REP) Strategic Plan for the coming years, which will be announced in March, plans to double the size of the lubricants business, exceeding €1 billion in turnover and reaching around €120 million in EBITDA (vs ~€480 million in sales and ~€64 million in EBITDA in 2024), increasing production from around 220,000 tpy to ~320,000 tpy in…