Companies

MerlinProperties1

Merlin Properties to invest €4.5 billion in third phase of data centres before 2032 and develop 412 MW of new capacity

Intemoney | Yesterday, Merlin Properties (Buy, PO £15) confirmed, in a CMD focused on data centres, its plans to carry out Phase III of this asset, consisting of the development of 412 MW of new capacity mainly in Lisbon, the Basque Country and Zaragoza. Phases I and II, already under construction or in service, total around 320 MW, with an investment of €3.37 billion. Phase III will involve an additional…


ACS Hochtief Alemania

ACS, through Hochtief, to design and extend section of East Link railway line near Stockholm for €900 million

Alphavalue / Divacons | Hochtief, the German subsidiary of ACS, has been awarded a €900 million contract in Sweden to design and extend a 26-kilometre section of the East Link railway line near Stockholm. The project, carried out in collaboration with Swedish administrator Trafikverket, is scheduled for completion in 2024, strengthening the group’s infrastructure portfolio in the Scandinavian market. The OL31 Vagnhärad project, located southwest of Stockholm, is part of…


OHLA.new

OHLA and Italian partners Rizzani de Eccher and Trevi lose claim for €280 million damages from Kuwait

Link Securities | The International Centre for Settlement of Investment Disputes (ICSID), the World Bank’s arbitration body, has dismissed the request for annulment filed by Spanish construction company OHLA and its partners, Italian companies Rizzani de Eccher and Trevi, against the original award handed down in 2022 in the dispute against Kuwait, Expansión newspaper reports today. OHLA and its partners claimed ICSID jurisdiction to arbitrate this lawsuit, in which they…


indra

Indra to lead GIGaNTE R&D&I project aimed at giving Spain autonomy in manufacture of gallium nitride chips

Alphavalue/Divacons | The Spanish IT services and consulting company announced on Monday that it will lead the GIGaNTE R&D&I project (Research Initiative in Gallium Nitride Technologies and Advanced Packaging Technologies). This strategic initiative aims to give Spain autonomy in the manufacture of chips based on gallium nitride (GaN), a critical material for the development of state-of-the-art radars, electronic warfare systems and high-reliability communications. Indra: Sell, Target Price €56.2/share.


telefonica edificio

Virgin Media O2 (owned by Telefónica and Liberty) in talks with VodafoneThree about use of broadband network in UK

Link Securities | Virgin Media O2 (VMO2), the telecommunications group controlled equally by Telefónica (TEF) and the US company Liberty, is in advanced talks with VodafoneThree regarding the use of its broadband network in the United Kingdom, according to a report in the newspaper Expansión on Monday. If the deal goes ahead, it would represent a major step forward in VMO2’s strategy to become the alternative to BT’s Openreach, according…


Fluidra piscina

Moody’s confirms Fluidra’s long-term corporate family rating (CFR) at “Ba2” and upgrades outlook from “stable” to “positive”

Alphavalue / Divacons | On Friday, the rating agency confirmed Fluidra’s long-term corporate family rating (CFR) at “Ba2”, also raising its outlook from “stable” to “positive”. Moody’s bases this upgrade on the expectation that market operating conditions will continue to strengthen throughout 2026. Likewise, with the change in outlook, the agency reflects the operational resilience shown by the company despite the slowdown in the sector.


iberdrolaTC

Iberdrola completes purchase of first wind farm in Austalian state of Victoria, company’s fifth and largest in the country

Link Securities | According to a press release issued by the company, Iberdrola has completed the acquisition of the Ararat wind farm, located in the state of Victoria (Australia), from Partners Group and OPTrust, after obtaining all the necessary authorisations to carry out the transaction. With this transaction, the group now has a presence in five states in the country: New South Wales, South Australia, Victoria, Queensland and Western Australia….


Repsol nueva

$80+ Brent price to help Repsol move forward with possible IPO of upstream business through reverse merger with US mid-caps

Banco Sabadell | According to press reports, a Brent price above $80/barrel, coupled with political change in Venezuela, opens up the opportunity for Repsol to recover investments in the country and move forward with a possible IPO of its upstream business through a reverse merger with US mid-caps. In its annual report, Repsol estimates the ‘recoverable’ funds in Venezuela at €4.55 billion (21% capitalisation), of which €963 million remain active…


Ferrovial rail baltica

Ferrovial wins €604 million contract to build two sections of new railway line in Poland in area with difficult terrain

Alphavalue/ Divacons | The Spanish construction, services and concessions company, through its Construction division and its Polish subsidiary Budimex, announced that it has been awarded a contract to build two sections of the new Podłęże–Piekiełk railway line in Poland. The project has a budget of PLN 2.58 billion (approximately €604 million) and is considered one of the most complex civil engineering works in the country’s railway network due to the…


Indra novedad

Indra signs agreement with Ghenova Ingeniería to modernise Armed Forces technology

CdM | Indra (IDR) announced on Friday that it has signed a collaboration agreement with the Andalusian multinational Ghenova Ingeniería to contribute its capabilities in comprehensive and multidisciplinary engineering, consulting and technological solutions for complex projects, complementary to those of Indra and which ‘can be of great use for Special Modernisation Programmes (PEM)’. Indra noted this in a statement, recalling that both firms have already collaborated on logistical support projects…