Companies

bbva sabadell

BBVA admits second takeover bid for Sabadell could compromise capital distribution plan

Alphavalue/DIVACONS | BBVA (BBVA) admits that a second takeover bid for Banco Sabadell (SAB) could compromise its capital distribution plan, according to Expansión. The bank notes the ‘negative impacts’ that a possible second takeover bid for Banco Sabadell, which would be financed with ‘available resources’, would have on its solvency. Meanwhile, Zurich Insurance Group (Add, Target Price CHF 635) notified the National Securities Market Commission (CNMV) that it owns 4.947%…


OHLA

OHLA wins two projects in Florida worth over $550 million

Link Securities | OHLA (OHLA), through OHLA USA, its subsidiary in the United States, has been awarded two projects in Florida worth more than $550 million, thereby strengthening its solid presence in the state’s infrastructure sector. The first, awarded by Miami-Dade County, commissions OHLA USA to execute Phase I services of the North Retaining Wall Relocation Programme at Piers 1–6 of the Port of Miami. This critical infrastructure initiative will…


fcc edificio

FCC, Comsa, OHLA and Azvi form consortia to bid for railway corridor in Mexico

Link Securities | FCC (FCC), Comsa, OHLA (OHLA), and Azvi have formed consortiums to bid for the railway corridor connecting Saltillo with Nuevo Laredo, and the connection between Querétaro and Irapuato, in Mexico, according to a report in Expansión newspaper on Wednesday. These contracts could require a joint investment of around €2.157 billion. The Spanish companies’ consortiums are competing against the local ICA and other foreign giants such as Portugal’s…


telefonica nuevo logo

Telefónica’s new strategic plan could include review of remuneration policy to grow through acquisitions and mergers

Link Securities | Telefónica (TEF) is finalising its new strategic plan, which could include a review of its shareholder remuneration policy. According to the digital newspaper Vozpópuli.com, the telecommunications company is considering the possibility of eliminating or cutting dividends in favour of greater financial control and liquidity for new acquisitions. In fact, Telefónica, which will present its next roadmap to the market on 4 November, is seeking to grow in…


endesa cartel

Endesa calls on CNMC to increase tolls to encourage investment in networks

Bankinter | Endesa (ENE) is the largest Spanish electricity company in terms of electricity distribution lines (320,000 km) and is calling for higher remuneration to carry out investments in networks. Last year, Endesa launched a Strategic Plan that envisaged a total investment of €9.6 billion for the period 2025-2027 (8% up on the previous plan). Forty-two per cent of the total investment would be allocated to networks (40% more than…


altri logo

Altri loses electrical substation and grid connection for construction of new plant in Palas de Rei Lugo

Renta 4 | According to information published in the press, the secretary general of the Socialist Party of Galicia has confirmed that the central government will deny Altri the electrical substation and grid connection it requires for the construction of the new plant in Palas de Rei (Lugo). This refusal comes on top of its exclusion from the Perte decarbonisation programme and the €250 million in European aid requested by…


Indra novedad

Indra potentially interested in Comforsa, biggest Catalan public company specialising in large forged parts

Link Securities | Indra (IDR), with businesses in technology and the military industry, has its sights set on Comforsa, the largest Catalan public company, which specialises in large forged parts for heavy vehicles and civil engineering machinery, according to Expansión newspaper. Informed sources confirm Indra’s interest in acquiring the largest industrial firm owned by the Catalan government, which the regional executive controls 100% through the Avançsa holding company, although only…


Endesa eolica

Endesa joins European Blades2Build project to carry out largest wind farm repowering in Spain

Link Securities | The company, through its renewable energy subsidiary, Enel Green Power España, has connected its largest repowered wind farm in Aldeavieja, between the municipalities of Santa María del Cubillo and Ojos Albos in Ávila, according to a report by the website Bolsamania.com last Friday. The facility has gone from 22 wind turbines to four, with greater renewable production capacity. ‘For us, this repowering is a real milestone,’ said…


Iberdrola edificio

Iberdrola to announce annual investment of €12-14 billion for 2025-28 at CMD, mainly aimed at improving networks

Bankinter | This Wednesday, 24 September, Iberdrola will hold its Investor Day, or Capital Markets Day (CMD), at which it will present its new three-year strategic roadmap (2025-2028) and offer an overview of its expectations until 2031. The press is leaking some of the guidelines that will be included in the Plan. These leaks point to an annual investment of between €12 billion and €14 billion. Net profit could reach…


Ebro Foods productos

Ebro Foods chairman says level of debt “very low” and they have capacity to acquire a company

Link Securities | In an interview with Expansión newspaper, the chairman of Ebro Foods (EBRO), Antonio Hernández Callejas, stated that the group’s debt level is very low and they have significant purchasing power. The executive indicated that they are considering acquisitions to grow in the ready-made meals sector. Hernández Callejas pointed out that, for them, purchasing a company worth €300 million – €400 million would not be a problem. Likewise,…