Relevant News Item

Repsolito 1

Repsol reportedly negotiating merger with Apache to list upstream business in US

Renta 4 | According to press reports, Repsol is negotiating a merger with Apache Corporation, a US oil company listed on the Nasdaq with a market capitalisation of $8.76 billion. According to the information, these negotiations would be part of the ‘liquidity event’ agreed with EIG after its entry into Repsol’s capital by 2026. We recall that this event could consist of an initial public offering, a reverse merger with…


Talgo new

Talgo to hold EGM on 12 December to finalise Basque consortium’s entry and propose capital increase of €3.18 million

Link Securities | The company has called an extraordinary general meeting of shareholders for 12 December 2025, on first call, or 13 December, on second call, with the aim of approving the agreements that will allow the completion of the entry into its capital of the consortium led by José Antonio Jainaga, president of Sidenor, and also participated in by the Basque Government and the BBK and Vital banking foundations….


autopista sh288 acs

Major Spanish construction companies form consortiums to bid for macro-contract to expand and operate I-77 South motorway (North Carolina)

Link Securities | Acciona, ACS, FCC, Ferrovial and Sacyr are preparing their bids for a new macro-road project in the US, according to an article in elEconomista.es. They are finalising their alliances to submit their credentials in mid-December in the tender for the expansion and subsequent operation, using a managed lanes model, of the I-77 South motorway in North Carolina. The project will require an estimated investment of between $3.2…


Naturgy

Naturgy to purchase 1 million tonnes of LNG per year from Venture Global for €4 billion

Alphavalue / Divacons | The energy company and Venture Global, the second largest producer and exporter of liquefied natural gas (LNG) in the United States, yesterday formalised a purchase agreement for the acquisition of one million tonnes per year of liquefied natural gas (LNG). The supply will come from the CP2 LNG plant, located in Louisiana (US). The contract is valued at more than €4 billion and will be effective…


pharmamar sedeCM

Pharmamar receives $10 million for reaching Yondelis licence agreement commercial milestone in US

Alphavalue/ Divacons | The biopharmaceutical company received a payment of $10 million from Janssen Products LP, a subsidiary of Johnson & Johnson. This payment comes upon reaching a commercial milestone related to the Yondelis (trabectedin) licence agreement in the United States. The payment stems from the August 2019 licence agreement, under which Janssen has exclusive rights to market and distribute Yondelis in the US market. Janssen has exclusive commercial rights…


iag 1440x808 1

IAG: results slightly below expectations due to difficult comparison, but balance sheet healthy and liquidity good

Bankinter | Q3 2025 results are slightly below expectations. Q3 2025 figures (versus market consensus): Revenue €9,328 million (same as Q3 2024) versus €9,427 million estimated; BNA €1,402 million (down 2.3%) versus €1,443 million estimated; Capacity (available seat kilometres, ASK): 95,537 million (up 2.4%); Load factor 88.6% (versus 89.9% in Q3 2024); Passengers 34,587 million versus 34,745 million in Q3 2024. Unit revenue per passenger (available seat kilometres) fell to…


Sacyr2

Sacyr Revenue up 4.6%, EBITDA 7.4%

Renta 4 | Revenue, which is in line with expectations, increased (up 4.6%) as a result of the contribution from the A21 in Italy and other assets in Chile, the commissioning of water projects and the progress of construction works in Spain, the United Kingdom, and Chile. This was partially offset by the accounting effect of divested financial assets and the completion of projects in the United States, Canada, and…


AccionaSede

Acciona sells portfolio of 1,016 homes in Madrid, Barcelona and Terrassa to management company Argis for €324 million

Alphavalue/ Divacons | Acciona’s real estate division has reached an agreement with Argis, a Spanish integrated capital management company, for the sale of a portfolio of 1,016 homes located in Madrid, Barcelona and Terrassa. The transaction is worth €324 million, according to a statement released by the company this week. Specifically, this operation, described as one of the ‘most significant of the year’ in the Spanish ‘built to sell’ (BTS)…


CIMIC

ACS Australian subsidiary Cimic wins AU$950 million contract to upgrade Gateway to Bruce motorway

Link Securities | CPB Contractors, part of the CIMIC Group (ACS), has been selected by the Queensland Government to carry out improvements to the Gateway to Bruce motorway, according to a report yesterday by the digital portal Bolsamania.com. CPB Contractors is responsible for 40% of the contract value, which amounts to AU$950 million. This is a transformative infrastructure project to improve safety, connectivity and resilience along the Gateway Motorway and…


telefonica nuevo logo

Telefónica opts for deleveraging and halves its dividend

Telefónica’s results met forecasts in terms of revenue, exceeded them in underlying EBITDA, and fell short in terms of EBITDA, EBIT, and net profit (continuing operations). Revenue was €8.957 billion (down 1.5% versus Q3 24), EBITDA was €2.867 billion (down 6% versus consensus and 8% compared with Q3 24), underlying EBITDA was €3.071 billion (up 1% versus consensus and down 1% compared with Q3 24), EBIT was €952 million (down…