Banco Sabadell | Indra has confirmed that the SpainSat NGII satellite, which was damaged on 2 January by the impact of a particle, has been rendered unusable and a new one will have to be built and launched. The satellite, valued at around €1 billion, was insured by a pool of insurers and reinsurers, with Mapfre as the main insurer. In this regard, and also according to press reports, Indra…
Banc Sabadell | BlackRock, following the accelerated placement of 7.1% of Naturgy’s (NTGY) capital in December (up to 12.62% NTGY), plans to continue the operation and reduce its stake to around 5% of the capital, managed solely through passive funds, according to press reports. Assessment: This news comes as no surprise, as it was partly expected since BlackRock placed 7% of the capital in December (at a price of €24.75/share,…
Banc Sabadell | Santa Bárbara Sistemas plans to appeal to the Supreme Court against the two major artillery contracts that the government awarded to Indra (IDR) and Escribano for €7.24 billion, according to press reports. These two projects are fundamental pillars of the 31 Special Modernisation Programmes (PEM) promoted by the Ministry of Defence. We recall that Santa Bárbara has already filed an administrative appeal to try to suspend the…
Renta 4 | The financial newspaper Expansión features an interview with Ismael Clemente (CEO of the company) in its Monday edition, in which he reviews Merlin Properties’ (MRL) short- and medium-term strategy. In this regard, Merlin Properties will continue with its strategic roadmap focused on the expansion of data centres. With phases 1 and 2 already underway, Merlin’s CEO reveals that phase III, currently in the planning stage, will be…
Link Securities | The Board of Directors of Amadeus (AMS) has agreed to carry out a share buyback programme in accordance with the authorisation granted by the Ordinary General Shareholders’ Meeting held on 23 June 2022. The Repurchase Programme is being carried out in order to comply with the share allocation programmes for Amadeus employees, executives and the Executive Board (excluding Amadeus sas and its wholly-owned subsidiary Amadeus Software Labs…
Link Securities | CAF (CAF) will manufacture 10 additional regional trains for the fleet of French operator SNCF Voyageurs, which will run in the New Aquitaine region in south-western France, according to the newspaper Expansión. The order is worth €80 million and is in addition to others signed in recent years in the French market by the CAF-Alstom consortium, resulting from the agreement between the two rival companies following CAF’s…
CdM | Adolfo Domínguez (ADZ) announced on Friday a net loss of €1.3 million in the first nine months of the 2025/2026 financial year (March-November 2025), compared to a profit of €300,000 in the same period of the 2024/2025 financial year. Global sales for the period increased by 2.5% to €93.3 million. The designer fashion brand continues to strengthen its international presence, according to a statement, with 43.9% of its…
Alphavalue/Divacons | On Thursday, the Spanish railway company notified the Spanish National Securities Market Commission (CNMV) of the completion of its capital increase, fully subscribed by SEPI (State Industrial Holdings Company). The transaction, which was registered in the Commercial Register on 2 January, consisted of a cash contribution with the exclusion of pre-emptive subscription rights for a nominal amount of €3,187,058.73.
CdM | Atrys Health announced on Thursday to the Spanish National Securities Market Commission (CNMV) that it has completed the sale of 100% of the capital of Aspy Global Services and its subsidiaries to Grupo Echevarne, a transaction that was announced on 4 November 2025 and whose closure was subject to the fulfilment of several suspensory conditions. According to the company’s statement to the regulator, the transaction was finally executed…
Intermoney | Sacyr (SCYR) (Buy, Target Price €4.6/share) has been provisionally awarded (preferred bidder) the construction of a hospital complex near Perth (Australia) with an estimated budget of over €500 million, according to Expansión newspaper. This project is part of an investment programme by the province of Western Australia valued at €2.6 billion. Sacyr shares this award with local partner Built. Work is scheduled to begin in the middle of…