Companies

Companies 19th September 2025

Carso Group and FCC, both controlled by Carlos Slim, to build 111-km section of Saltillo-Nuevo Laredo corridor in Mexico for €1.47 billion

Alphavalue / Divacons | Grupo Carso and FCC, both controlled by Carlos Slim, will build a 111 km section of the Saltillo-Nuevo Laredo corridor for €1.47 billion. Slim thus becomes one of the largest contractors on Sheinbaum’s flagship project, valued at more than €6 billion, which will run through Coahuila, Nuevo León and Tamaulipas. In other news, a consortium also led by the Spanish construction company has been selected in…

Companies, Ibex, Relevant News Item 19th September 2025

Telefónica given regulatory approval for sale of Telefónica Uruguay for €373 million

Renta 4 | The regulatory authorities in Uruguay have approved the acquisition of Telefónica Uruguay by Millicom. Telefónica Hispanoamérica S.A., a wholly owned subsidiary of Telefónica, reached an agreement in June with Millicom Spain S.L. to sell its 100% stake in Telefónica Uruguay. The agreed price was $440 million (approximately €373 million). Assessment: This news was expected given that Millicom was not present in Uruguay. This transaction confirms the divestment…

Companies 19th September 2025

Iberdrola sells 100% of business in Hungary to consortium formed by Premier Energy for €171.2 million

Link Securities | Iberdrola (IBE) has reached an agreement to sell 100% of the shares in Iberdrola Renovables Magyarország KFT, which owns its business in Hungary, to a consortium formed by Premier Energy — which already acquired the company’s assets in Romania in 2024 — and the Hungarian group iG TECH CC, according to the Bolsamanía website. Through this transaction, the group will receive €171.2 million for the company’s shares…

Companies, Ibex 18th September 2025

Acciona Energía sells 65% stake in Costa Rican Chiripa wind farm to minority partner Ecoenergía for around €71.4 million

Renta 4 | Acciona Energía has announced the signing of an agreement with Ecoenergía for the sale of its majority stake (65%) in the Chipira wind farm (49.5 MW), located in Costa Rica. The value of the transaction (EV) amounts to up to $80 million (€80 million). The asset has been in operation since 2015. The concession for the farm was due to be transferred to the State in 2033….

Companies, Ibex 18th September 2025

UBS raises recommendation for Inditex to “buy” from “neutral” and ups target price from €48 to €52

Alphavalue / Divacons | Shares in the Spanish fashion company rose 0.75% yesterday after UBS raised its recommendation to ‘buy’ from “neutral” and raised its target price from €48 to €52 thanks to a business model ‘based on local sourcing and the integration of physical and online sales’. Our analysts give Inditex upside potential of almost 10%. Meanwhile, José María Castellano, former CEO and vice-chairman of Inditex, passed away yesterday…

Companies 18th September 2025

Saudi Arabia selects consortium led by FCC to bid for construction and operation of office complex in Riyadh

Link Securities | The Saudi Arabian Ministry of Defence and the state agency responsible for launching public-private partnership contracts has selected a consortium led by Spain’s FCC (FCC) to bid for the construction and subsequent 27-year operation of an office complex in the capital Riyadh, according to a report in Expansión newspaper on Thursday. The investment budget for the asset is around €500 million. Located north of Riyadh, the building…

Companies 18th September 2025

PharmaMar’s capital set at €10.8 million after reduction, divided into 18 million shares with unit value of €0.60

Link Securities | PharmaMar (PHM) informed the National Securities Market Commission that, in relation to the execution of the capital reduction through the redemption of treasury shares announced on 30 July 2025, the deed of capital reduction (and consequent amendment to the articles of association) of PHM for an amount of €133,336.80 through the redemption of 222,228 treasury shares with a par value of €0.60 each has been registered in…

Companies 17th September 2025

S&P reiterates Iberdrola’s rating at ‘BBB+/A-2’ with stable outlook following purchase of 30.29% of Neoenergia

Renta 4 | S&P Global has reiterated Iberdrola’s rating at ‘BBB+/A-2’, with a stable outlook, following the purchase of 30.29% of Neoenergia from Previ for €1.88 billion. The agency highlights that the transaction will reduce cash outflow in the Brazilian subsidiary and strengthen cash flow concentration, as will the integration of Avangrid in the United States from December 2024, which they consider positive for credit. Despite Neoenergia’s strategic importance, the…

Companies 17th September 2025

Parliament rejects motion to freeze Aena’s airport charges for 2026

Renta 4 | The Industry and Transport Committee of the Spanish Parliament rejected the non-binding motion presented by the Popular Party to halt the 6.5% increase in Aena’s airport charges planned for 2026. The vote was close, with 18 votes against and 17 in favour. The fee update is covered by current regulations and, according to Aena, responds to the need to finance investments and infrastructure maintenance. The increase, as…

Companies 17th September 2025

Turbo Energy to power Uber’s electric car batteries in Spain with Sunbox electricity storage solution

Bankinter | The subsidiary Turbo Energy (Closing $12.40, Daily Var. +359.3%; Annual Var. +474.1%), 90% owned by Umbrella and listed on the Nasdaq, will install its Sunbox electricity storage solution at Uber charging points in Spain. It will power high-capacity charging points for Uber with Sunbox Industry systems, creating a 1 MW smart storage centre. This will enable the charging of more than 300 vehicles. Analysis team’s view: Positive news…

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