Companies

Companies 29th August 2025

Iberdrola begins work on expanding ‘Arecleoch’ and ‘Kilgallioch’ Scottish wind farms to 485 MW

Alphavalue/ Divacons | The Spanish utility company, through its British subsidiary ScottishPower, has begun work to expand its Arecleoch and Kilgallioch wind farms in Scotland. The projects, located in the councils of South Ayrshire and Dumfries and Galloway, will increase the combined installed capacity to 485 MW. Meanwhile, analysts at a leading US bank raised Iberdrola’s target price from €15.5 to €16.7 per share, as they like the company’s ‘consistently…

Companies 29th August 2025

BBVA to adjust exchange ratio for Sabadell takeover bid again: one share plus €0.70 for every 5.5483 shares in Catalan bank

Link Securities | BBVA will once again update the exchange ratio for its takeover bid for Banco Sabadell after the Catalan bank paid its shareholders a new cash dividend of €0.07 per share, according to the newspaper Expansión. The bank will therefore change its offer from one BBVA share plus €0.70 for every 5.3456 Sabadell shares to one newly issued share of the acquiring bank plus the aforementioned €0.70 for…

Companies 29th August 2025

CAF subsidiary Solaris wins contract for 180 electric buses worth €150 million for city of Malmö

Link Securities | As announced yesterday by the company, Nobina Sverige AB, one of Scandinavia’s largest public transport operators, has confirmed a new contract with its subsidiary Solaris for the delivery of 180 zero-emission Urbino electric buses that will operate in the Swedish city of Malmö. The contract is worth around €150 million. CAF notes in its statement that this is one of the largest orders for electric buses in…

Companies, Ibex 28th August 2025

Santander’s ROTE could approach 20% if lack of profitability in US retail business addressed

Morgan Stanley | Our analyst Álvaro Serrano reiterates Santander as his Top Pick, raising his target price from €8.30 to €9.50, while analysing what could lead to a ROTE of 20%. With capital stabilised and excess capital redistributed, Serrano believes that Santander’s global platform and the normalisation of profits in Brazil will drive the next phase of growth. He revises his profit estimates upwards by 7-8% for 2026/27, remaining 9%…

Companies, Ibex 28th August 2025

Iberdrola to install electric vehicle charging points at Alimerka supermarkets in Asturias, Castile and León, and Galicia

Link Securities | Alimerka and the electricity company have reached an agreement to install charging points of different power ratings for electric vehicles in the three autonomous communities where the Asturian distribution group currently has supermarkets (Asturias, Castile and León, and Galicia), according to the newspaper Expansión. According to the joint statement issued by both companies, the agreement provides for the installation of 238 ultra-fast chargers, located in the car…

Companies 28th August 2025

Acciona considers expanding in Australia with purchase of Fletcher’s New Zealand construction subsidiary for between €175 and €250 million

Banco Sabadell | The company is reportedly analysing the acquisition of the New Zealand construction subsidiary of the listed group Fletcher Building, which has launched the sale process after beginning to consider this divestment last June and having already responded to various approaches, according to Cinco Días. There is talk in the market of interest from France’s Vinci and Malaysia’s Gamuda, among others. The asset’s assessment is between €175 million…

Companies 28th August 2025

Amper, Zelenza, GeoAI, create “U5-Space” platform for drone traffic management

CdM | Amper, Zelenza and GeoAI have completed the creation of “U5-Space”, a platform based on 5G connectivity and artificial intelligence (AI) that enables drone traffic management and its integration into “U-Space” airspace. The development of this joint project was announced in February 2024 and combines the power of 5G connectivity with AI to control drone traffic in real time, prevent collisions and automatically coordinate a “large volume of flights”…

Companies, Ibex 22nd August 2025

Telefónica: doubts about possible capital increase punish stock by 4.81%

CdM | Doubts about a possible capital increase by Telefónica punished the stock by 4.81%, recording the worst performance in the index. According to vozpopuli.com, TELEFÓNICA (TEF) is considering the possibility of carrying out a capital increase, which would be approved in the coming weeks. The operation, according to this media outlet, would have the support of the main shareholders: the State, through SEPI; the Saudi operator STC and CriteriaCaixa….

Companies 21st August 2025

Iberdrola to build new agrovoltaic plant in Álava as part of ‘Vitoria-Gasteiz: Laboratory City’ programme

Alphavalue/DIVACONS | The Spanish utility company will build a new agrovoltaic plant in Álava with the aim of promoting the cultivation of apples for the production of high-quality cider and generating renewable electricity in the Basque Country. According to Iberdrola, the project will be developed on land donated by the Vitoria City Council as part of the municipal programme ‘Vitoria-Gasteiz: Laboratory City’. Meanwhile, a leading analysis firm raised Iberdrola’s target…

Companies 21st August 2025

BBVA places €1 billion in senior non-preferred green bonds

CdM | BBVA has placed €1 billion in senior non-preferred green bonds with a ten-year maturity on Wednesday, maturing in 2035. Demand for the bonds peaked at €2.9 billion, reflecting investor appetite for this type of green-labelled product. At the close of the issue, the price was set at mid-swap plus 108 basis points, significantly below the initial price (mid-swap plus 135 basis points). This is the lowest spread on…

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