Companies

Neinor nuevo

Neinor Homes gains full control of Aedas Homes after second takeover bid accepted by 84.76% of Aedas minority shareholders

Renta 4 | According to information provided by the National Securities Market Commission (CNMV), the second mandatory takeover bid launched by Neinor Homes to AEDAS Homes minority shareholders, at a fair price of €24.0 per share, has been accepted by 84.76% of the capital targeted (acceptance of 17.63% of AEDAS Homes’ share capital). Thus, taking into account the 79.20% of AEDAS Homes’ share capital already controlled by Neinor Homes, Neinor…


Digi

Digi to go public with IPO of new shares worth between €150-200 million and IPO of its parent company, volume not yet disclosed

Alphavalue / Divacons | Digi has detailed its upcoming IPO in Spain, which will take the form of a public offering of new shares worth between €150 million and €200 million, in addition to a public offering of shares held by its parent company, the final volume of which has not yet been determined. Pending developments in the geopolitical situation, the group’s first move is to inject resources to continue…


IAG nueva

IAG has hedges equivalent to 62% of fuel it expects to consume in 2025 to cope with possible rise in oil prices

Link Securities | The airline holding company is shielded from a possible increase in oil prices with hedges equivalent to 62% of the fuel it expects to consume this year, according to the company, as reported by the newspaper Expansión. This is identical to the proportion held by AirFrance-KLM and lower than that held by Ryanair (80%), which usually has one of the highest percentages in its sector in Europe….


repsol banderines

Repsol estimates it can recover €4.55 billion from Venezuela: €963 million in debts, €3.587 billion in provisions

Link Securities | Repsol, Spain’s largest oil company, has estimated that it can recover €4.55 billion from Venezuela, which is currently trapped in the country, according to the newspaper Expansión. The figure includes loans and outstanding invoices from PDVSA, the state-owned hydrocarbon monopoly. It also includes the accounting provisions that Repsol has been making for years to cover the impairment of its assets in the country, given the chaotic situation…


GAM Soluciones

GAM to invest €150 million over next three years to achieve €400 million turnover

Link Securities | The Asturian industrial company General de Alquiler de Maquinaria (GAM) will make a capital investment of €150 million over the next three years as part of its strategic plan, focused on consolidating the company’s growth and position, according to Expansión. With this volume of capex, GAM will support its goal of achieving a turnover of €400 million in 2028, 27% more than last year. The company’s strategy…


amper2

Amper 2025 results: margin improvement (3 p.p.) despite lower offshore wind revenues; M&A forecast in 2026

Lighthouse | Amper (AMP) posted revenues of €281.7 million in 2025 (below estimates of €369 million). The year-on-year decline is mainly explained by the sale of the Industrial Services business (Nervión; approx. €180 million in revenue in 2024), the slowdown in the offshore wind business, and the consolidation of only one half of Navacel. By segment, Defence and National Security grew by 40% (€120 million), while Energy and Sustainability recorded…


Garanti BBVA

Turkish lira depreciates 27% in 2025, leading BBVA to write down value of Garanti by €130 million more, bringing cumulative total to €354 million

Link Securities | Expansión reports today that BBVA has been forced to write down the value of Garanti, its subsidiary bank in Turkey, in its annual accounts due to the negative performance of the currency, which depreciated by 27% last year. It has done so by €130 million, bringing the cumulative impairment in recent years to €354 million. Added to this is the money BBVA is losing in the country…


iberdrola avangrid eeuu 2

Iberdrola, through Avangrid, extends PPA with Xcel Energy for electricity generated at MinnDakota wind project

Alphavalue/Divacons | The Spanish utility, through its US subsidiary Avangrid, has extended its power purchase agreement (PPA) with Xcel Energy for electricity generated at its MinnDakota wind project. This facility, which has a capacity of 150 MW, is located on the border between the states of Minnesota and South Dakota in the United States. Meanwhile, Transports Metropolitans de Barcelona (TMB) awarded Iberdrola (IBE) a contract worth €14 million for the…


naturgy eolica

CriteriaCaixa takes advantage of GIP-BlackRock’s accelerated placement to snap up another 2.5% of Naturgy’s capital for €611 million

Link Securities | CriteriaCaixa, the holding company that manages the assets of Fundación La Caixa, has acquired an additional 2.5% of Naturgy (NTGY) capital for €611 million, taking advantage of the accelerated placement that GIP-BlackRock carried out between Monday and yesterday on the capital market, according to Expansión. As a result, CriteriaCaixa now holds 28.5% of Naturgy’s capital and is entitled to another seat on the Board of Directors.


Acciona Energia

Acciona Energía completes installation of photovoltaic self-consumption system at GrafTech’s HQ in Navarra

Link Securities | Acciona Energía (ANE) has completed the installation of a photovoltaic self-consumption system at the production headquarters of GrafTech, a world leader in the manufacture of graphite materials, in Ororbia (Navarra), according to Bolsamanía. The installation, which began operating in mid-February, has a total power of 1.56 MWp and will generate approximately 2 GWh of renewable electricity per year. Given the high energy demand of the production centre,…