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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…


Naturgy edificio 640x420

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…


tecnicasreunidasentrada

Técnicas Reunidas, strong candidate to participate in €5.6 billion oil projects put out to tender by Kuwait

Link Securities | Técnicas Reunidas (TRE) is one of the strong candidates to participate in the oil projects put out to tender by Kuwait, through the state oil company Kuwait Oil Company (KOC), according to Expansión newspaper. Specifically, the process is divided into several lots totalling around $6.5 billion (around €5.6 billion). The newspaper notes that Técnicas Reunidas has submitted the best bids to build several fluid separation facilities and…


Budimex Ferrovial

Ferrovial, Acciona and ACS to build Poland’s first nuclear power plant, €50 billion investment

Norbolsa | Ferrovial, Acciona and ACS have been accredited to participate in the construction of Poland’s first nuclear power plant, the largest energy infrastructure project in Europe, involving investments of €50 billion. The project, led by Westinghouse Electric, aims to build three reactors in Pomerania and positions Poland as a new nuclear player in Eastern Europe. Ferrovial, through its subsidiary Budimex, was one of the first companies accredited by Westinghouse…


Repsol

Repsol, Pioneer in Producing 100% Renewable Gasoline on Industrial Scale

Repsol has achieved a technological milestone by producing 100% renewable gasoline at an industrial scale for the first time at its industrial complex in Tarragona. The product, named Nexa 95 100% Renewable Origin Gasoline—Repsol’s highest quality 95-octane product—is already being commercialized in the regions of Madrid and Catalonia and will be available at 30 service stations before the end of the year. The new fuel can be used in any…


underground2

Indra Wins £1.7 Billion London Underground Ticketing Contract

The Spanish group, through its Mobility subsidiary, has won the Transport for London (TfL) tender for the operation, development, and improvement of the transport ticketing system, including ticket sales and access control, used daily by eight million people. The system records about eight million daily travelers and covers not only the Underground (Tube) but also the Overground, DLR, Tram, the famous red buses, and the equivalent of the English capital’s…


bbva sabadell

BBVA denies reaching agreement with shareholder David Martínez to participate in takeover bid

Alphavalue/DIVACONS | On Friday, the president of the financial institution, Carlos Torres, denied that an agreement had been reached with Banco Sabadell shareholder and director (add Target Price €3.97/share) David Martínez to participate in the takeover bid for the Catalan institution. Martínez has written an article in El País and Cinco Días in which he states that the consolidation of Sabadell and BBVA will result in an institution that is…