Companies

Atresmedia

Atresmedia acquires 100% of Clear Channel Spain, specialising in outdoor advertising, for €115 million

Intermoney | Atresmedia (Buy, PO €6.3) announced yesterday to the National Securities Market Commission (CNMV), with the market open, that it has signed an agreement with Clear Channel Outdoor Holdings, Inc. to acquire its business in Spain by purchasing 100% of the share capital of Clear Channel Spain, a company dedicated to outdoor advertising. The purchase price envisaged in the transaction amounts to €115 million. The acquisition of Clear Channel…


Ferrovial

Casa Grande de Cartagena, Del Pino family’s family office, puts 3.4 million Ferrovial shares up for sale

Alphavalur/DIVACONS | Casa Grande de Cartagena, the Del Pino family’s family office, has put up for sale some 3.4 million Ferrovial (FER) shares for a total amount of €158.5 million, which constitutes about 0.4% of the construction company’s capitalisation, at a market price of €46.61 million. Expansión newspaper reports that María del Pino is one of the largest shareholders with almost 50% of the family office, and declares an 8.2%…


Indra novedad

Indra completes share buyback programme and could update strategic plan as due to meet targets two years ahead of schedule

Link Securities | Indra (IDR) informed the National Securities Market Commission (CNMV) that, having reached the maximum number of shares finally set under the Buyback Programme after the last of the transactions (235,000 shares, representing 0.13% of IDR’s share capital), it is proceeding to terminate the Programme prior to the expiry date (set for 11 September 2025). Indra also announced the reactivation, on 9 September 2025, of the liquidity contract…


Aena nuevita

Beyond noise surrounding Aena-Ryanair dispute: capacity cuts are also proof of imbalance between supply and demand

Deutsche Bank | Last week, news reports indicated that Ryanair would reduce its winter capacity at regional airports in Spain by 40% and in the Canary Islands by 10%. In this context, our analysis of Diio Mi seat capacity for nine key airports (approximately 80% of Aena’s Spanish traffic in 2024) shows that the cuts will be more widespread; for example, IAG Group domestic seats (including Iberia and Vueling) are…


Talgo

Talgo receives approval for 230 model trains to begin operating in Germany before end of year

Renta 4 | The Spanish train manufacturer has announced that it has just received technical approval from the European Railway Agency (ERA) and the German Federal Railway Agency (EBA) for its 230 model long-distance trains to begin operating in Germany before the end of the year, albeit more than a year behind schedule. The approval is the final step in a process that began in 2019 with the signing of…


banco santander new

Santander fined $500,000 in US for use of inappropriate communication channels by employees since 2021

Alphavalue / Divacons | The Cantabrian bank received a second fine from the US authorities for the use of inappropriate communication channels by its employees since 2021. The Commodity Futures Trading Commission (CFTC) has imposed a $500,000 penalty on the Spanish parent company and its US subsidiary Santander US Capital Markets. This penalty is in addition to the $4 million fine that the SEC had already imposed on the entity…


telefonica edificio

Telefónica considering selling Distrito C in Las Tablas, but with long-term lease agreement to continue using site

Link Securities | The company is reportedly considering selling its corporate headquarters, known as District C, as part of the strategic review that the group will unveil in the coming weeks, according to elEconomista.es. According to the newspaper, the company is considering a real estate transfer that includes the 15 buildings (between five and eleven storeys) in Las Tablas, located in the north-east of Madrid. Market sources estimate that the…


Iberdrola renovables eolica2

Iberdrola offers Trump mega investment plan to save its US offshore wind farms

Bankinter | The company wants to maintain the US as its main investment focus. It has made this clear to the American government. However, everything will depend on key projects not being blocked or, if some of them are shut down, such as offshore wind farms – against which Trump is waging a personal crusade – being compensated with new opportunities, especially in the development of electricity grids. The group’s…


Acciona

Acciona Energía moves forward with asset sales and maintains operating guidance

Bankinter | The group maintains its operating EBITDA guidance for the year as a whole at €1 billion (similar to 2024) with an average price of €60/MWh (down 13%) and production of 26 GW (up 9%). In terms of asset sales, it confirms its target of new transactions worth between €1.5 billion and €1.7 billion. It has already agreed transactions worth €750 million this year. The assets that have left…


Inditex crece compressor 1

Inditex underperforming Ibex by 41% since December, worst performance in group’s history

Renta 4 | On Thursday, it will present its quarterly results in an important technical situation. Since April last year, it has been forming a demand and support zone at €41, with a filter down to €39.60, where it presents the closing of a significant bullish gap. Technical indicators are reversing from exceeded levels, which favours a recovery process in the coming months, although the price would have to confirm…