Companies

Iberdrola edificio

Iberdrola and Scottish Power sound out rivals about possible deal involving UK retail business

Link Securities | Iberdrola (IBE) and Scottish Power have sounded out their rivals about a possible deal involving their UK retail business, as the sector faces high consumer debt and rapid growth from Octopus Energy, according to Expansión newspaper. Iberdrola has reportedly spoken to several companies in the sector about a merger with Scottish Power in response to the challenges facing the retail market, according to people familiar with the…


OHLA Canalejas

OHLA reaches agreement with Mohari for distribution of Canalejas Complex: shopping centre and car park for OHLA, Mohari keeps hotel

CdM | OHLA (OHLA) informed the Spanish National Securities Market Commission (CNMV) on Friday that it has reached an agreement in principle with Mohari Hospitality — a global investment firm specialising in the luxury hotel sector — for the division of the Canalejas Complex asset, an agreement that the company describes as ‘positive for both parties’. According to the statement, OHLA will retain ownership of the Canalejas Gallery and the…


Grifols

Grifols boosts diagnostics business with €43 million expansion of San Diego plant

Renta 4 | The company has expanded its San Diego (US) campus dedicated to diagnostics and, in particular, blood typing. The expansion, at an approximate cost of $50 million (€43 million), has included the construction of a new plant that nearly doubles the surface area to 18,200 m2. Grifols has begun production of DG Gel cards, used in blood typing tests, and red blood cell reagents, used to detect antibodies….


Repsol nueva

Repsol and Forestalia to undertake largest energy hybridisation project to date in Spain in Aragón, with large data centre developed by third party

Link Securities | The company, together with Forestalia, announced yesterday that they will double their partnership in Aragón (the combined cycle power plant in Escatrón with fifteen wind farms) to a total of 1,600 MW, which will enable a third party to develop a large data centre in the area, according to Expansión. With this scale, it would be the largest energy hybridisation project in Spain to date. Sources in…


Iberdrola east anglia

Iberdrola to seek partner to sell 49% of East Anglia Two offshore wind farm, valued at €5 billion

Norbolsa | The company announces that it plans to seek a partner for the sale of 49% of the East Anglia Two offshore wind farm, valued at €5 billion. Thus, following the sale of 49% of East Anglia One and East Anglia Three, the company plans to seek a new partner for the second phase of this offshore development, which corresponds to a 960 MW development. Meanwhile, according to press…


bbva sabadell

Following failure of Sabadell takeover bid for, BBVA to pay interim dividend of €1.8 billion to leave best possible impression

Jefferies | With a low acceptance rate of 25%, BBVA’s takeover bid for Sabadell has reached a deadlock. We now expect management to focus on leaving the best possible impression. This implies the possibility of distributing 15% of market capitalisation in the short term and up to 40% in 2028. We expect the shares to react positively, given the implications that an acceptance level of less than 50% would have…


Pharmamar

Pharmamar receives $50 million from Jazz Pharma for approval of Zepzelca + Tecentriq combo treatment for small cell lung cancer

Bankinter | The payment corresponds to the FDA’s full approval on 2 October of the Zepzelca + Tecentriq (Roche) combination as a first-line maintenance treatment for adults with advanced small cell lung cancer whose disease has not progressed after first-line induction treatment with atezolizumab, carboplatin and etoposidei. Jazz Pharma is the exclusive licensee of Zepzelca for the US. Bankinter’s opinion: Positive news, despite which the stock fell yesterday, marking eight…


InmoColonial

Colonial considers investing outside Paris, Madrid and Barcelona

Banc Sabadell | The CEO of Inmobiliaria Colonial (COL), Pera Viñolas, said at a conference that the company plans to invest in new geographical areas in addition to those it has ‘historically touched’, which have been Paris (France), Madrid and Barcelona. Assessment: This is nothing new. Following the announcement of the agreement with Stoneshield on DeepLabs, they already commented that they expect to invest in other geographical areas in the…


Budimex Ferrovial

Ferrovial obtains highest overall rating in public tender launched by Polish railway network administrator

Link Securities | Ferrovial (FER), in consortium with its Polish subsidiary Budimex, has obtained the highest overall rating in the public tender launched by Poland’s public railway network administrator (PKP) to build a new line for €610 million. The consortium is 80% owned by Budimex and 20% by Ferrovial, according to Expansión newspaper. Meanwhile, Ferrovial announced to the CNMV (National Securities Market Commission) an interim dividend totalling €342 million, payable…


Naturgy edificio 640x420

Naturgy begins construction of first battery storage projects in Spain

CdM | Naturgy (NTGY) has begun construction of its first battery storage projects in Spain. These are batteries that will hybridise the Tabernas I and II photovoltaic parks in the province of Almería, and El Escobar and Piletas I in Las Palmas (Canary Islands), also managed by Naturgy. These projects are part of a total portfolio of ten facilities that Naturgy plans to launch in 2026, nine of which will…