Companies

Companies 14th August 2025

Sacyr wins residential construction contracts for 830 homes in Malaga, Madrid, and Barcelona worth €245 million

Link Securities | Sacyr Ingeniería e Infraestructura (SCYR) has been awarded residential construction contracts worth €245 million and is expanding its project portfolio in Spain with 830 new homes in Malaga, Barcelona and Madrid, according to reports on Wednesday by the Efe news agency and Expansión. A press release explains that among the recently awarded projects, the construction of the Karl Lagerfeld Villas for Sierra Blanca Estates, located in Lomas…

Companies, Relevant News Item 14th August 2025

CNMC announces full liberalisation of Telefónica’s fibre optic networks

Bankinter | Telefónica (TEF) will no longer be obliged to lease its networks to rival operators at a regulated price. This liberalisation process began in 2016 when the National Commission for Markets and Competition (CNMC) ruled that there was sufficient competition in 66 cities representing 35% of the population; in 2021, it extended liberalisation to 696 towns, covering a total of 70% of the population, and now the remaining 30%…

Companies, Relevant News Item 13th August 2025

Analysts suggest BBVA could improve Sabadell bid by up to €2 billion

Alphavalue/DIVACONS | The financial institution chaired by Carlos Torres announced to the National Securities Market Commission (CNMV) that it is moving forward with its takeover bid for Banco Sabadell (SAB) (add Target Price €3.74/share), despite the recent confirmation of the sale of TSB for €3.1 billion and the approval of the €2.5 billion macro dividend. BBVA will update its offer at the end of August or early September. Some analysts…

Companies, Relevant News Item 13th August 2025

Banco Santander teams up with OpenAI to accelerate Artificial Intelligence and Data strategy

Link Securities | Banco Santander (SAN) has redoubled its commitment to technology and has teamed up with OpenAI to accelerate its Artificial Intelligence and Data strategy, according to Expansión newspaper. Santander has signed a collaboration agreement with the company that created ChatGPT with a view to becoming an ‘AI-native bank’ in which ‘every decision, process and interaction is driven by data and intelligent technology,’ explained Ricardo Martín Manjón, SAN’s Director…

Companies, Ibex 13th August 2025

Aena exceeds 32 million passengers; year-to-date traffic rises 4.1%

Intermoney | Aena (AENA) (Hold, Target Price €24) announced its passenger traffic figures for July 2025 on Tuesday after the market closed. The figures for Spain showed an increase of 2.7% last month, exceeding 32 million passengers, of which nearly 12 million were distributed between Barajas and El Prat, which increased their figures by slightly less than 1% and almost 3%, respectively. Among the other major airports, Malaga (8%) and…

Companies, Relevant News Item 13th August 2025

Talgo receives technical approval for its long-distance trains to begin operating in Germany

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, although with a delay of more than a year. The approval is the final step in a process that began in 2019 with the…

Companies 12th August 2025

AXA, likely winner of process to acquire stake in Fiberpass, Telefónica and Vodafone Spain’s fibre optic wholesale company

Link Securities | French insurance company AXA appears to be the likely winner of the process to acquire a stake in Fiberpass, the fibre optic wholesale company created by Telefónica (TEF) and Vodafone Spain, according to Expansión. AXA Investment Management is in advanced negotiations to take a significant minority stake in Fiberpass, a joint venture between Telefónica and Vodafone Spain to offer wholesale fibre optic broadband connectivity services, i.e. what…

Companies, Relevant News Item 12th August 2025

BBVA decides to press ahead with Sabadell bid

Renta 4 | BBVA (BBVA) has confirmed in a significant event, following the Extraordinary General Shareholders’ Meeting held by Sabadell at which the sale of TSB and the distribution of an extraordinary dividend of 50 cents were approved, that it has decided to press ahead with its takeover bid for Sabadell. Assessment: We believe that this decision to go ahead is in line with expectations. Currently, the exchange ratio puts…

Companies 12th August 2025

Airbus delivers 373 aircraft so far this year, remains below 2024

Banc Sabadell | Airbus (AIR) announced on Thursday (07/08), after the market closed, the delivery of 67 aircraft during the month of July (compared to 77 in July 2024 and 63 in June 2025), bringing the total number of deliveries in 2025 to 373 (compared to 400 in the same period in 2024; down 7%). On the other hand, a total of seven new orders were recorded during the month,…

Companies 11th August 2025

Banco Santander, through Uro Property, assumes costs of €120 million to settle lawsuit ongoing since 2022 with its investee company’s creditors

Link Securities | Banco Santander (SAN), through its office subsidiary Uro Property, has assumed costs of €120 million to settle the lawsuit it had been involved in since 2022 with the creditors of its subsidiary, according to the newspaper Expansión. In 2020, the bank took control of Uro and contributed more than €1 billion to cancel the debt of the real estate company. Following this, Uro’s former bondholders also claimed…

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