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Acerinox

Companies 13th October 2025

Acerinox’s poor results in Europe, plus uncertainties in VDM’s specialised business, to continue until Q4 2025

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…

Acciona depuradora

Companies 10th October 2025

Acciona wins urban sanitation contract for eight Brazilian municipalities with planned investment of €85 million

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…

Amper nueva

Companies 10th October 2025

Amper to develop monitoring system for nearly 1.8 GW of renewable energy owned by China Three Gorges in Europe

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…

fcc environmental services 1

Companies 10th October 2025

FCC sells 25% of environmental subsidiary to CPP Investments for €1 billion

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…

edificiorewesevilla 0

Companies 10th October 2025

Red Eléctrica asks CNMC to make changes to electricity operating system to prevent another blackout

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…

Budimex Ferrovial

Companies, Relevant News Item 9th October 2025

Ferrovial, Acciona and ACS to build Poland’s first nuclear power plant, €50 billion investment

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…

OHLA.new

Companies 9th October 2025

Consortium led by OHLA wins contract to build new hospital in Malaga, with €500 million investment

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…

bbva sabadell

Companies 9th October 2025

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

Companies 9th October 2025

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

Companies 8th October 2025

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…