Companies

bbva sabadell

CNMV to announce outcome of BBVA’s Sabadell takeover bid on 17 October

Link Securities | According to the newspaper Expansión, the Spanish stock market regulator, the National Securities Market Commission (CNMV), will announce the outcome of BBVA’s takeover bid for Banco Sabadell on 17 October. The CNMV has announced the indicative timetable for making public the outcome the outcome of BBVA’s takeover bid for Sabadell, whose acceptance period ends this Friday. The supervisor has also issued a warning ‘in view of the…


naturgy fachada copia

EU to shield Naturgy from potential multi-million pound lawsuits for breaching agreements with Russia in light of ban on Russian gas imports

Bankinter | In 2013, Naturgy signed a gas supply contract with the Russian company Yamal. Purchases began five years later at a rate of 3.4 billion cubic metres per year, which, at current prices, amounts to around €1 billion. This agreement provides approximately 16% of Naturgy’s total gas supply The contract has a 20-year term, until 2038, but will have to end earlier due to the EU ban on Russian…


Mapfre

Mapfre anticipates solid results in Q3 2025: underlying activity remains strong in Iberian peninsula

Alphavalue/DIVACONS | The insurance company held a pre-close call for Q3 2025 on Tuesday. Mapfre (MAP) anticipates solid results in Q3 2025, with trends similar to those in Q2 2025. In countries in the Iberian peninsula, underlying activity remains strong; in Life, premium growth will be lower than in Q2 2025 due to a large exceptional contract. In P&C, an improvement in the combined ratio is expected, especially after the…


stainless steel

EC announces proposal to revise steel import quotas

Bankinter | The European Commission (EC) announces a proposal to revise steel import quotas in Europe. It reduces current quotas by 50% and raises the tariff to 50% (from 25%) above a certain quota (18.3Mtn). The aim is to protect the European steel industry in a context of global overcapacity. The EU seeks to prevent cheap steel from countries such as China and India from being diverted to Europe following…


sacyr edificio logo nuevo

Sacyr submits sole bid for new motorway in Chile with estimated investment of €304 million

Banc Sabadell | Sacyr (SCYR) has reportedly submitted the only bid for the Ruta Pie de Monte, a new 20 km motorway in the Biobío region (Chile) with an estimated investment of $355 million (around €304 million), according to press reports. Construction is expected to begin in 2030 and the motorway is expected to be operational in 2033. The concession term would be up to 45 years. Assessment: Pending confirmation…


Repsol

French engineering group Technip Energies joins Repsol’s waste-to-methanol project in Spain

Alphavalue / Divacons | Bloomberg reports that Repsol is strengthening ties with the US to reactivate frozen operations in Venezuela. In other news, Technip Energies is joining Repsol’s waste-to-methanol project in Spain. The French engineering group announced that it has secured two service contracts with Repsol for the development of Ecoplanta, a waste-to-methanol plant planned for El Morell, Spain.


unicaja logo fachada

Unicaja rules out potential corporate transactions with other banks to achieve €1.6 billion 2027 profit target

Link Securities | The bank is not considering anything other than growing on its own. This was confirmed by Isidro Rubiales, the bank’s CEO, during his speech at the 16th Financial Meeting organised by Expansión-KPMG, in collaboration with American Express and Cunef University, according to Expansión newspaper. The bank’s chief executive has ruled out potential corporate transactions with other entities because, he said, Unicaja still has considerable capacity to continue…


OHLA

Fitch reinstates coverage of OHLA with B- rating, highlighting improvement in financial structure

Intermoney | OHLA (OHLA) (Buy, Target Price €0.7/share) announced on Monday, after the market closed, that the rating agency Fitch has reinstated its coverage of the stock, assigning it a rating of B-. According to Europa Press, the agency highlights an improvement in the financial structure of the company, which has achieved a reduction in its debt, as well as an extension of the maturities of the remaining debt, a…


airtificial robot salida bolsa

Airtificial Group signs €3 million contract for design, manufacture and commissioning of two production lines

Link Securities | Airtificial Group (AI) has signed a €3 million contract with a new customer, a major global Tier 1 in the automotive sector, for the design, manufacture and commissioning of two production lines for the assembly, verification and automatic testing of interior door modules, whose end customer is a well-known sports car brand. The Intelligent Robots division will be responsible for carrying out this project, which will have…


Naturgy edificio 640x420

Naturgy carries out accelerated placement of 3.5% of capital to increase free float

Bankinter | Naturgy announces the sale of shares from its treasury stock representing 3.5% of its capital. Naturgy currently holds 4.4% of its share capital in treasury stock. The transaction was carried out through an accelerated placement of 34.1 million shares on the market. The placement price was €25.90 per share, a discount of 3.9% compared to yesterday’s closing price. At these prices, the placement transaction amounts to €883 million….