Companies

sacyr edificio logo nuevo

Sacyr signs forward contract for 10 million shares at €3.74, adjustable based on final execution price and maturing in one year

Link Securities | Today, the company has formalised a forward contract with a credit institution for 10,000,000 ordinary Sacyr shares with an initial reference price of €3.744, adjustable according to the final execution price and maturing in one year, by signing the corresponding confirmation. The transaction is settable by physical delivery of shares or by differences, at Sacyr’s discretion. The transaction has been formalised bilaterally and without the acquisition of…


Talgo

Entry of SEPI and Basque Government in Talgo effectively confirms company’s nationalisation

Link Securities | Talgo (TLGO) completes the end of an era this Friday with the holding of an Extraordinary General Shareholders’ Meeting at which the nationalisation of the company will be approved, with the effective entry of the State through the State Industrial Holdings Company SEPI (7.9% of Talgo’s capital) and the Basque Government, which is part of a public-private consortium led by investor José Antonio Jainaga (29.0% of the…


Repsol

Repsol’s renewable asset rotation in US: sells 43.8% of Outpost solar project (629 MW) in Texas to Stonepeak for €252 million

Renta 4 | Repsol has reportedly reached a new agreement with the Stonepeak fund to transfer a 43.8% stake in its Outpost solar project (629 MW) in Texas, US. The sale price amounts to €252.5 million, which values 100% of the asset at approximately €775 million in EV, including approximately €200 million derived from the monetisation of production tax credits received by the project. Outpost (629 MW) began operating in…


iberdrola aerogenerador

Iberdrola begins assembling wind turbines for Tâmega Wind Farm, largest in Portugal

Alphavalue / Divacons | The Spanish utility has begun assembling the wind turbines for what will be Portugal’s largest wind farm, the Tâmega Wind Farm, a 274 MW project comprising 38 turbines of 7.2 MW each, the largest and most powerful on the onshore wind market. With an investment of €350 million, it is expected to produce 601 GWh per year, equivalent to the consumption of 128,000 households, and avoid…


Naturgy edificio 640x420

BlackRock sells 7.1% of Naturgy’s capital in accelerated placement at €24.75 per share, 5.4% discount

Bankinter | BlackRock announced on Wednesday at the close of trading the accelerated placement of 7.1% of Naturgy (NTGY), reducing its stake from 18.5% to 11.4%. The placement price will be €24.75 per share, representing a discount of 5.4% on yesterday’s closing price. At the placement prices, the value of this package reaches €1.7 billion. BlackRock will go from being the third to the fourth largest shareholder in the company….


Indra novedad

Indra unanimously agrees to potential acquisition of Escribano Mechanical and Engineering

Bankinter | Indra’s Board of Directors has unanimously agreed to the potential acquisition of Escribano Mechanical and Engineering (EM&E). In its statement, the Company mentions that ‘the potential transaction is consistent with the strategy of the Indra Group’ and that ‘the agreement does not imply or anticipate the approval of any transaction’. Bankinter analysis team’s view: Limited impact, as it was practically a foregone conclusion that Indra’s Board would approve…


caf cartel fachada

CAF wins new contract in France, worth around €250 million, for 22 regional trains

Bankinter | The company has been awarded a new contract to supply 22 regional trains for French operator SNCF Voyageurs, in consortium with Alstom. CAF will design and manufacture the trains at its plant in Alsace and Alstom will supply equipment Analysis team’s view: A new contract in France representing around 1.6% of the total order book and 1.9% of the railway order book. This contract confirms the positive performance…


iberdrola señalada

S&P Global Ratings reaffirms Iberdrola’s credit rating at “BBB+” with “stable” outlook

Link Securities | S&P Global Ratings has reaffirmed Iberdrola’s (IBE) credit rating of “BBB+” with a “stable” outlook, highlighting the company’s “comfortable financial margin” and its investment strategy focused on regulated networks and renewable energy, according to a report in El Economista on Wednesday. In a report published on Wednesday, the firm highlights that Iberdrola will invest around €58 billion between 2025 and 2028, with two-thirds earmarked for networks in…


catalana occidente nueva 2

Grupo Catalana Occidente to distribute gross dividend of €4.65 per share; as a result, Inocsa adjusts takeover bid price to €45.10 per share

Link Securities | The Board of Directors of Grupo Catalana Occidente (GCO) met on 9 December 2025 and agreed to distribute a dividend on account of the 2025 results in the amount of €4.65 gross per share, with the withholdings established by applicable tax regulations being applied at the time of settlement of this dividend. The dividend will be paid on 17 December 2025. The last day of trading of…


ACS novisimo

ACS strengthens presence in airport sector with construction of new runway at Perth Airport

Norbolsa | ACS will expand its presence in the airport sector by participating, alongside Australia’s BMD, in the construction of a new runway at Perth Airport (Australia), a five billion Australian dollar (€2.8 billion) project aimed at increasing the infrastructure’s capacity to 30 million passengers by 2046. The investment, which was approved last year, includes the new parallel runway, new terminals, two multi-storey car parks with associated road works, the…