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Talgo building

Basque consortium secures €75 million demanded by SEPI to acquire stake in Talgo, calls for situation to be resolved before 15 July

Renta 4 | The Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations has managed to raise the €75 million demanded by SEPI to finance half of the €150 million loan to be granted to Talgo, according to press reports. Once SEPI’s requirements have been met, the Basque consortium is asking for the operation to be unblocked before 15 July so that it can formalise…


fcc edificio

FCC registers deed of increase in paid-up capital: share capital set at €472 million

Link Securities | FCC (FCC) announces that on Thursday the public deed relating to the company’s paid-up capital increase was registered in the Commercial Register, through which the flexible dividend (scrip dividend) agreed by the Ordinary General Shareholders’ Meeting of FCC held on 12 June 2025 was implemented, for a nominal amount of €18,115,902.00 through the issue of 18,115,902 new shares in the company with a nominal value of €1…


Indra Tecnocom

Indra board to meet to discuss merger by absorption of Escribano Mechanical & Engineering

Alphavalue/DIVACONS | The Spanish IT services and consulting company has called an extraordinary meeting of its board of directors for this Thursday. The meeting is expected to discuss the merger by absorption of Escribano Mechanical & Engineering (EM&E Group), the family business of its executive chairman and shareholder, Ángel Escribano. This was confirmed to Expansión by sources close to the group’s governing body. Meanwhile, a leading bank has upgraded Indra’s…


Talgo diferente

Basque consortium’s entry into Talgo runs into difficulties: government demands it take on half of loan SEPI was going to grant

Renta 4 | The Basque consortium’s entry into Talgo is becoming complicated. According to press reports, the acquisition of 29.7% by the Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations could be called into question. The Basque Nationalist Party has revealed that the Spanish government has changed the conditions initially agreed and is demanding that the consortium take on half of the £150 million…


vivienda españa

Profitability of buying property in Spain to rent out falls to 7.2% in second quarter, compared to 7.5% in same period 2024

CdM | The gross return on buying a property to put on the rental market fell to 7.2% in the second quarter, compared to 7.5% in the same period in 2024, according to a study by Idealista. Offices remain the most profitable real estate investment. They offer a gross return of 11.5%, down from 12.8% twelve months ago. Commercial premises offer a return of 10.1% (9.7% a year ago) and…


redeia fachada

Redeia president says Red Eléctrica to make record investments in new strategic plan

Link Securities | Beatriz Corredor, president of Redeia (RED), which is holding its General Shareholders’ Meeting on Monday, announced in an interview with Expansión newspaper that the holding company that owns Red Eléctrica will make record investments in a new strategic plan and that the electricity system will emerge stronger after the blackout. The newspaper notes that Corredor, two months after the blackout, criticised the role of the electricity companies,…


inflacion precios supermercad

Preliminary CPI in Spain rises 2.2% year-on-year in June, two tenths more than in May

CdM | The Consumer Price Index (CPI) rose by two tenths of a percentage point year-on-year in June to 2.2%, due to higher fuel and food prices, according to data released on Friday by the National Statistics Institute (INE), reports Europa Press. With the upturn in the year-on-year CPI in the sixth month of the year, inflation is rising again after three consecutive months of declines in its year-on-year rate….


Aena nuevita

Aena to execute 10×1 split on 19 June, and announces 3% increase in passenger traffic in Spain in May

Intermoney | Aena (AENA) (Buy, Target Price £215/share) confirmed on Thursday that it will execute the previously announced 10×1 split next Thursday, 19 June; this measure was already announced in conjunction with the 2024 annual results. On the other hand, the operator announced, with the market open, passenger and freight traffic figures for May 2025. The figures for Spain showed an increase of 3% last month to over 29 million…


GrifolsGRF

Grifols’ takeover bid for Biotest, accepted by 2.11% of ordinary shares with voting rights (1.05% of capital)

Alphavalue/ Divacons | The Catalan plasma derivatives company announced yesterday that, once the period for acceptance of the delisting takeover bid for Biotest has ended, it will control 99.25% of the company. Biotest was delisted on 6 June, according to the information sent to the National Securities Market Commission (CNMV). The delisting offer was accepted by a total of 416,922 ordinary shares of Biotest and 3,002,804 non-voting preferred shares. In…


06 3

Bank of Spain targets GDP growth of 2% p.a. by 2025 with effects of long tariff war

Bankinter: Bank of Spain downgrades GDP projections to +2.4% p.a. for 2025 (-0.3pp) and +1.8% p.a. 2026 (-0.1pp). In his appearance before the Congressional Committee on Economy, Trade and Digital Transformation, the Governor of the Bank of Spain anticipated the revision of the quarterly macro picture whose report will be published today. The adverse scenario with a prolonged tariff escalation would have a “significant negative impact” on the Spanish economy,…