Companies

Grifols

Grifols plans to make early repayment of €500 million of its 7.5% secured bonds maturing in 2030

Link Securities | Grifols (GRF) plans to make an early repayment of €500 million of its 7.5% senior secured bonds maturing in 2030. This transaction would enable the company to reduce its higher-cost debt, as part of its strategy to lower its cash interest expense and strengthen its capital structure. The partial repayment of the 7.5% senior secured bonds maturing in 2030 will take place following the previously announced and…


aena el prat

Total of 24.7 million passengers pass through Aena’s airports in March, 65.6 million in first quarter of 2026

Alphavalue/ Divacons | Aena’s network of airports in Spain recorded a total of 24.7 million passengers in March, 3.9% more than in the same month of 2025, although at a slower growth rate than the 4.2% recorded a year earlier. During the month, 216,024 aircraft movements were also handled (up 6.8% year-on-year) and 114,194 tonnes of cargo were transported, virtually in line with March 2025 (up 0.1%). In the first…


telefonica nuevo logo

Telefónica unveils new drone operation solution based on remote rather than physical piloting

Alphavalue/ Divacons | The Spanish telecoms firm has launched a commercial service aimed at businesses and public authorities from its new T_Space facility, staffed by specialists in remote drone piloting. With this initiative, Telefónica is introducing a solution that transforms the traditional model of drone operation—which until now required pilots to travel physically to each mission, apply for specific permits and carry out preliminary assessments of the environment, all of…


airbus A320

Demand remains strong despite uncertainty, Airbus’s net orders for 2026 stand at 398 aircraft

Banc Sabadell | Airbus (AIR) reported that it delivered 60 aircraft during March (compared to 35 in February 2026 and 71 in March 2025), bringing the total deliveries for 2026 to 114 (compared to 136 in 2025, down 16%). Furthermore, a total of 331 new orders and 10 cancellations were recorded during the month. Consequently, net orders in 2026 stand at 398 aircraft (against 204 in 2025; up 95%). Assessment:…


Ferrovial construcción

Supreme Court agrees to hear Ferrovial’s appeal regarding insufficient compensation awarded for unfinished M-203 motorway

Link Securities | The company will continue its battle with the Madrid Regional Government over the M-203, a motorway between Vallecas and Alcalá de Henares that Ferrovial was awarded in 2005 but was never able to complete. The Supreme Court (TS) has accepted for consideration the appeal lodged by the infrastructure group against the ruling issued by the High Court of Justice of Madrid (TSJM) in February 2025. In that…


indra edificio 2

Escribano family seeking to smooth way for Indra’s merger by finding potential buyers for their 14.3% stake

Link Securities | The Escribano brothers are taking steps to bridge the gap with the Government. The family has commissioned JP Morgan to seek potential buyers for its 14.3% stake in Indra, according to sources familiar with the matter speaking to Vozpopuli.com. Among the options on the table are both a potential partial and total sale of this stake, against a backdrop marked by the government’s demands to revive the…


Ferrovial junta 2026

Ferrovial set to continue growing in US, plans €1 billion dividend payout and converts its SE into an NV

Link Securities | Ferrovial (FER) announced at its Annual General Meeting held on Thursday in Amsterdam that it will continue to grow in the United States, thanks to a record-breaking portfolio, expects to pay out €1 billion in dividends annually (€626 million in 2025) and will focus on the rotation of mature assets to finance future growth opportunities, according to a report in the newspaper Expansión on Friday. Ferrovial also…


amadeus logo fachada

Initiation of coverage on Amadeus: Overweight, long-term appeal outweighs short-term uncertainties

Morgan Stanley | George Webb (analyst) initiates coverage of Amadeus with an Overweight (OW) rating, as he believes long-term appeal outweighs short-term uncertainties. In his scenario, the conflict in the Middle East (and the associated dynamics of energy prices) will weigh on Amadeus’s growth until the end of the year, implying a moderate cut to FY26 guidance as the base case. He acknowledges the long-term structural debates surrounding disintermediation via…


InmoColonial

Colonial sells assets in Madrid and Málaga for €44 million

Bankinter | Inmobiliaria Colonial (COL) is selling assets in Madrid and Málaga for €44 million. We reiterate our Buy recommendation. The company has agreed to sell the Tucumán office building, in the Campo de las Naciones area of Madrid, for €24 million and a residential complex in Málaga for €20 million. Bankinter research team’s view: Good news. The company continues to make progress with its asset rotation plan and has…


ACS nuevo

ACS wins contract through Australian subsidiary to develop large data centre in Malaysia

Link Securities | Cimic, the Australian subsidiary of ACS, has been awarded a contract to develop a large-scale data centre project in Malaysia, further consolidating its presence in the Asian region. Its subsidiary Leighton Asia will be responsible for the comprehensive execution of the campus works, drawing on its regional expertise and strong partnerships with suppliers. Preliminary works and preparatory activities have enabled a smooth transition to the execution of…