Companies

InmoColonial

Inmobiliaria Colonial issues €800 million in 6-year bond with 3.125% annual coupon

Intermoney | Inmobiliaria Colonial (COL) (Buy, Target Price €8.5/share) has announced the placement of a bond maturing in September 2031 for a nominal amount of €800 million, with an annual coupon of 3.125%. The subscription and disbursement of the Bonds is expected to take place on 23 September 2025. The Bonds are expected to be admitted to trading on the regulated market of Euronext Dublin. The REIT has stated that…


ACS nuevo

Australian Government commissions ACS to carry out modernisation works at Townsville military base

Link Securities | The Australian Government has commissioned ACS (ACS) to carry out modernisation works at the Townsville military base in the State of Queensland (Australia), according to Expansión newspaper. ACS, through its subsidiary CPB Contractors, is responsible for the design and construction of the new infrastructure to house the Royal Australian Air Force’s (RAAF) new fleet of Apache helicopters, within facilities covering an area of 900 hectares in the…


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Rovi affected by ‘noise’ surrounding vaccine manufacturers: FDA plans to link deaths of 25 children to Covid vaccines

Banco Sabadell | According to press reports, the FDA is planning to publish a report linking the deaths of 25 children to Covid vaccines. Assessment: Negative news due to the ‘noise’ it generates around vaccine manufacturers, something that has become commonplace since Trump appointed Robert F. Kennedy (a well-known anti-vaccine advocate) to head the FDA. We continue to believe that vaccination rates in the US, once the endemic phase has…


GrifolsGRF

Grifols asks National Court to summon KPMG partners who signed 2021-2023 audits to testify in case

Alphavalue / Divacons | The Catalan company specialising in blood products is stepping up its legal offensive against Gotham City Research and has asked Court No. 4 of the National Court for the two KPMG partners who signed the 2021-2023 audits to testify in the case. The pharmaceutical company is seeking to strengthen its defence after the bearish attack that cost it around €9 million in January 2024. The Institute…


banco sabadell josep oliu

Oliú believes 9.8% negative premium and extraordinary dividend from TSB sale will derail BBVA’s bid

Norbolsa | The Banco Sabadell chairman rules out BBVA’s takeover bid succeeding due to the lack of a premium (-9.8%) and the elimination of the extraordinary dividend from the sale of TSB, and assures that the operation would only be considered with a premium of 30-40%, as is usually the case in successful takeover bids. In addition, the trade unions representing Banco Sabadell employees expressed their rejection of BBVA’s takeover…


fcc environmental services 1

FCC Enviro acquires Cumbria Waste Group business from Waterland Private Equity in UK

Link Securities | FCC enviro, a subsidiary of FCC (FCC), has agreed to acquire the Cumbria Waste Group business from Waterland Private Equity in the United Kingdom. The company expects the transaction to be completed in Q4 2025, subject to the fulfilment of certain conditions customary in this type of transaction. FCC enviro has been present in the British market since 1989 through its subsidiary FCC Environment UK and is…


bbva sabadell

David Martínez, one of Banco Sabadell’s main shareholders, asks BBVA to improve current offer price

Link Securities | Mexican businessman David Martínez, one of Banco Sabadell’s (SAB) main shareholders, has asked BBVA (BBVA) to improve its current offer price, according to Expansión newspaper. Martínez, who acquired a stake in SAB more than a decade ago, controls 3.8% of the bank, behind BlackRock (6.9%) and Zurich (4.9%). In Martínez’s opinion, and as he ‘requested to be recorded’ in the SAB Board report, ‘the transaction presented by…


Digi

Digi begins preparations with Rothschild for IPO of Spanish business, valued at €2.5 billion

Link Securities | The Spanish subsidiary of the Romanian operator plans to go public to accelerate its growth. It currently covers more than 12 million households, and its goal is to reach 20 million in three years. To finance this growth, the telecommunications group intends to place a minority stake on the stock market and has hired Rothschild for this purpose. DIGI is valued at €2.5 billion. The IPO is…


CAF novísima

EIB grants €80 million loan to CAF for iR&D&I at its centres in Spain and Poland

Link Securities | The company and the European Investment Bank have signed a loan agreement for €80 million to finance the company’s research, development and innovation (R&D&I) programme, according to Expansión. The European bank’s loan will enable the train and bus manufacturer to invest in digitalisation, autonomous mobility solutions and the energy efficiency of trains and buses. All R&D&I investment will have to be made at CAF’s centres in Spain…


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IAG to participate in Air Europa’s capital increase following entry of Turkish Airlines

Link Securities | IAG (IAG) has decided to participate in Air Europa’s capital increase following the entry of Turkish Airlines into its shareholding structure, as confirmed on Friday by the Spanish-British group, according to a report in Expansión on Friday. Iberia’s parent company acquired a 20% stake in Air Europa in August 2022 after converting a €100 million participatory loan. This was the first step in its second attempt to…