Companies

Companies, Relevant News Item 3rd December 2025

ACS signs labour agreement to develop $1.7 billion Battery Park City Resiliency Project infrastructure plan in New York

Link Securities | Hochtief, a subsidiary of ACS, has taken a significant step forward in the US after signing a labour agreement (Project Labor Agreement) to develop the Battery Park City Resiliency Project, an infrastructure plan valued at $1.7 billion in New York, according to a report yesterday by the digital portal Bolsamania.com. The project, in which Hochtief is participating through SPC Construction, part of its Flatiron-Dragados division, together with…

Companies 3rd December 2025

ACS continues to rotate assets within Cimic and sells 50% of UGL subsidiary to Japanese firm Sojitz for around €282 million

Intermoney | The construction company (Buy, PO €69) has agreed to sell 50% of its subsidiary UGL to Japanese company Sojitz for around €282 million. UGL, which focuses on the operation and maintenance of transport equipment such as locomotives and wagons, belongs to Cimic, which in turn is controlled by the Group through Hochtief, and its main market is Australia. ACS will retain the remaining 50% of the capital and…

Companies 3rd December 2025

Unions reject Telefónica’s initial proposal for 5,040 redundancies affecting three main companies in redundancy plan

Alphavalue / Divacons | Trade unions have rejected Telefónica’s initial proposal for the redundancy plan it wants to implement in its subsidiaries Telefónica de España, Móviles and Soluciones. The proposal covers 5,040 redundancies out of the 6,088 proposed in the Spanish telecommunications company’s overall restructuring plan. The Sumados-Fetico trade union group has stated that ‘it will not be part of the agreement, as it does not meet the conditions for…

Companies, Relevant News Item 3rd December 2025

Inditex: Impressive Q3 results and very healthy start to Q4

Jefferies | Impressive Q3 results… with group sales/EBIT of €9.81bn/€2.37bn (cons €9.71bn/€2.25bn) for Aug-Sep, this for ex fx growth of +8.4% (versus cons of +7.8% and buyside apparently somewhere between 7% and 8%) which follows the 9% of current trading disclosed for 1-Aug to 8-Sep. Gross margin landed at +79bps year-on-year to 62.2%, versus cons/JEFe of +8bps/+55bps. EBIT margin progress was good (in light of fx sales dilution of -3.5%…

Companies 2nd December 2025

Aena secures €915 million financing agreement for expansion and modernisation of eleven airports it manages in Brazil

Alphavalue / Divacons | The airport operator, Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and Santander signed a financing agreement in Brazil for around €915 million for the expansion and modernisation of the eleven airports it was awarded in August 2022 and which it manages under the Bloco do Onze Aeroportos de Brasil company. Specifically, Aena agreed to issue debentures (negotiable securities) for R$5.3 billion, of which the…

Companies, Relevant News Item 2nd December 2025

CaixaBank and nine other banks present Qivalis, company that will launch first euro-pegged stablecoin

Norbolsa | The European Banking Consortium Stablecoin, formed by CaixaBank and nine other European banks, has presented Qivalis, the company that will launch what they say is the first euro-pegged stablecoin, which they expect to be technically and technologically ready by the beginning of the second half of 2026. This was explained on Tuesday at a press conference in Amsterdam (Netherlands) by the president of the new company, Howard Davies;…

Companies 2nd December 2025

Edreams Odigeo completes share buyback programme with acquisition of more than 2.98 million of own shares

Link Securities | The company announced the completion of its share buyback programme as its term ended on 30 November 2025, having acquired a total of 2,985,081 treasury shares, representing 2.45% of the company’s current share capital. As Edreams Odigeo announced at the start of the Buyback Programme, the purpose of the programme was to reduce the share capital by redeeming the acquired shares. Subsequently, Edreams Odigeo notified the National…

Companies 2nd December 2025

Santander sells 3.5% of Polish subsidiary for PLN 1.724 billion (~€407 million)

Renta 4 | Banco Santander has carried out an accelerated placement of 3.5% of its subsidiary Santander Bank Polska. The placement price was PLN 482 per share (€113.9/share), representing a 6% discount on yesterday’s closing price and valuing the transaction at €407 million. Following the settlement of the placement and after the completion of the sale of 49% of Santander Bank Polska to Erste Group Bank, Santander will hold a…

Companies 2nd December 2025

Técnicas Reunidas repays €271 million and fully amortises SEPI loan

Link | Técnicas Reunidas yesterday paid the €271 million outstanding on the loan from the State Industrial Holdings Company (SEPI), following the partial repayments it had already made in accordance with the payment schedule established for this purpose. The company has thus repaid the loan in full almost a year ahead of schedule. The loan, for a total amount of €340 million, was granted in February 2022 in view of…

Companies 2nd December 2025

DIA moves forward with ‘logistics modernisation’ plan with 40% increase in equipment and investment of over €70 million until 2029

Link Securities | The supermarket chain plans to invest more than €70 million until 2029 in the expansion, modernisation and equipment of its logistics network, according to the digital portal Bolsamania.com. As the company has announced, this amount must be added to the investment made by its real estate partners for the promotion and development of six new logistics centres. This investment also includes the modernisation of the rest of…

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