Link Securities | Talgo (TLGO) has once again delayed the delivery of 13 new high-speed trains to Renfe, which could result in further penalties from the public company, in addition to the €116 million it already faces for the delay of more than two and a half years in the delivery of the Avril 106 trains, according to Expansión newspaper.
Link Securities | Técnicas Reunidas (TRE) is one of the strong candidates to participate in the oil projects put out to tender by Kuwait, through the state oil company Kuwait Oil Company (KOC), according to Expansión newspaper. Specifically, the process is divided into several lots totalling around $6.5 billion (around €5.6 billion). The newspaper notes that Técnicas Reunidas has submitted the best bids to build several fluid separation facilities and…
Link Securities | The company, together with Ficosa Inversión, has signed a memorandum of understanding (MoU) to collaborate on the development of electro-optical equipment with LSAS (Local Situational Awareness System) driving and surveillance support capabilities for the VCR 8×8 Dragón and VAC vehicles, according to the financial portal Bolsamania.com. Indra has also signed a memorandum of understanding with Sirt, a Barcelona-based cybersecurity company, to increase capabilities and form multidisciplinary teams…
Deutsche Bank | A stable third quarter is expected, but HPA headwinds continue to weigh on results; target price: €14 against last close of €11.84, buy recommendation. Acerinox is set to publish its third-quarter results, and we expect stable figures in line with forecasts. However, poor results in Europe, as well as uncertainties in VDM’s specialised business, will continue into the fourth quarter. Although prices in the US have risen…
Link Securities | Acciona (ANA) has been awarded the urban sanitation contract for eight municipalities in the Brazilian state of Espírito Santo by Companhia Espírito Santense de Saneamento (CESAN) with planned investments of 540 million Brazilian reais (around €85 million) over the 23-year contract period, according to the digital portal Bolsamania.com. Specifically, the project consists of wastewater treatment and the provision of commercial management support services in the aforementioned municipalities…
Alphavalue / Divacons | The Spanish company yesterday signed a contract with China Three Gorges Europe to design and implement a centralised monitoring and control system for the renewable assets that the firm operates in Europe. China Three Gorges Europe, the European subsidiary of the China Three Gorges group, manages a portfolio of nearly 1.8 GW in wind and solar energy with a presence in Spain, Portugal, Germany, Greece and…
Intermoney | The company (Buy, PO €14.5) announced yesterday after the market closed an agreement with the investment fund CPP Investments whereby the latter will acquire 25% of the capital of the environmental services subsidiary for €1 billion. CPP had already held 25% of this business since 2023, although FCC reports that it will continue to hold the majority of the shareholding with 50.01%, compared to 49.99% held by the…
Bankinter | Red Eléctrica (REE), the group responsible for managing Spain’s electricity grids, has asked the National Commission for Markets and Competition (CNMC) to urgently process – within five days – its proposal to change some of its electricity system operating procedures in order to prevent another blackout. Among other measures, it proposes that all conventional power plants with the capacity to regulate electrical voltage – essentially nuclear, gas, combined…
Norbolsa | Ferrovial, Acciona and ACS have been accredited to participate in the construction of Poland’s first nuclear power plant, the largest energy infrastructure project in Europe, involving investments of €50 billion. The project, led by Westinghouse Electric, aims to build three reactors in Pomerania and positions Poland as a new nuclear player in Eastern Europe. Ferrovial, through its subsidiary Budimex, was one of the first companies accredited by Westinghouse…
Link Securities | A consortium led by OHLA (OHLA) and including Andalusian companies Sando and Valterra is the virtual winner of the contract to build the new Malaga Hospital and the concession contract for the new car parks associated with the health centre, according to a report in Expansión on Wednesday. The project involves an investment of more than €500 million, making it one of the largest in Spain this…