Companies

Indra novedad

Indra shareholders approve acquisition of 89.68% of Hispasat from Redeia for €725 million

Link Securities | At Friday’s Extraordinary Shareholders’ Meeting, Indra (IDR) shareholders approved the acquisition of 89.68% of Hispasat for €725 million from Redeia (RED) (and the rest of the items on the agenda), which, for its part, purchased that percentage of Hispasat in 2019 for €933 million, valuing 100% of the company at that time at more than €1 billion, according to Expansión newspaper. The transaction, which was announced in…


iberdrola megachuli

Bayer honours Iberdrola for its role in accelerating industrial electrification

CdM | Iberdrola (IBE) has been recognised by the multinational pharmaceutical company Bayer for promoting industrial electrification through innovative solutions, a key aspect in meeting European decarbonisation targets. The German company presents the Bayer Procurement Decarbonisation Accelerator Award to key partners who contribute to the sustainability, efficiency and reduction of emissions in their operations and processes through clean technologies and renewable energies. In the case of Iberdrola, Bayer has valued…


OHLA.new

OHLA’s EBITDA grows 30% to €113 million, driven by margins in Construction division

Intermoney | 9M25 results – EBITDA is up 30% in line with Intermoney’s estimate. OHLA (OHLA) (Buy, Target Price €0.70) announced its results for September 2025 on Thursday after the market closed, without holding a conference call on this occasion. Revenues fell slightly by 2% to €2.571 billion, very much in line with our forecasts (2%), while EBITDA (up 30% to €113 million) also differed little from our estimate (€114…


Repsol 1440x808

Repsol reportedly negotiating with TotalEnergies to create largest upstream platform in UK to generate €862m+ synergies

Banco Sabadell | According to press reports, Repsol is in talks with TotalEnergies to create the largest upstream platform in the North Sea, integrating assets in UK waters. The operation would be structured through Neo Next, the joint venture between Repsol (45%) and Neo Energy (55%), in which TotalEnergies would take a minority stake. The aim is to increase production capacity and generate synergies of more than $1 billion (€862…


IAG

IAG opposes £49 billion third runway for Heathrow, fearing sharp increase in fees

Norbolsa | The British government has approved Heathrow’s expansion plan to build a third runway valued at £49 billion. The project, which involves moving a section of the M25 motorway, demolishing 700 homes and meeting complex environmental requirements, aims to increase capacity to 150 million passengers by 2035. The investment has been opposed by IAG, the airport’s main operator, which fears a sharp increase in fees and questions the economic…


DeutscheBorse

Deutsche Boerse launches Takeover Bid for Allfunds, valuing it at €5,351 Million

Bankinter | The main conditions of the transaction are: A valuation of €5,351 million, which implies a price of €8.80 per share (a premium of 32% versus the closing price on Nov 27). The transaction will be settled 50% in cash and 50% in shares. The company has not announced the number of new shares it will issue. However, taking into account the average valuation over the last 10 days,…


Neinor nuevo

CNMV authorises Neinor’s first takeover bid for Aedas at €21.33 per share

Bankinter | The National Securities Market Commission (CNMV) has approved Neinor’s voluntary takeover bid for Aedas at a price of €21.335 per share, although this is conditional on the price having been agreed in advance with Aedas’ main shareholder (Castlelake, 79% of the capital). If 50% of the minority shareholders do not accept the offer, a mandatory takeover bid will have to be launched. Neinor has already announced that this…


Cellnex new

Cellnex plans to invest €2.5-3 billion in purchasing land where its towers are located

Link Securities | Cellnex (CLNX) CEO Marco Patuano said in an interview with Expansión newspaper that his company plans to invest between €2.5 billion and €3 billion in the coming years in the purchase of land where its towers are located. Last year, the company created Celland, a subsidiary specialising in this type of business. Patuano also identified defence, densification, transport and energy as the central pillars of growth in…


Acciona energia guapa

Acciona Energía negotiates sale of wind assets in Galicia for €700 million

Banc Sabadell | Acciona Energía (ANE) is reportedly negotiating the sale of its wind assets in Galicia (26 wind farms with a total of 550 MW, which came into operation between 1998 and 2005) to the company Recursos de Galicia (a public-private partnership) for around €700 million, although the transaction is still in its early stages, as Recursos Galicia has only sent a non-binding proposal, according to Expansión. We would…


iberdrolaTC

Iberdrola formalises alliance with Starwood Capital infrastructure fund to expand data centres in Spain

Bankinter | Iberdrola (IBE) and Echelon Data Centres (controlled by the US fund Starwood Capital Group) have formalised the creation of Echelon Iberdrola Digital Infra, the joint venture through which they will develop the data centre business in Spain. Echelon will hold an 80% stake in the joint venture and Iberdrola will hold 20%. Iberdrola will contribute its experience in renewable energy generation and in the development and management of…