Companies

Grifols nueva

FDA approves expansion of Grifols’ Thrombate III indication to include paediatric patients

Link Securities | Grifols (GRF) announced that the US Food and Drug Administration (FDA) has approved the expansion of the indication for Thrombate III, the company’s antithrombin III concentrate, to include paediatric patients diagnosed with hereditary antithrombin deficiency (HAD), according to Bolsamanía. With this expansion, Thrombate III becomes the first and only antithrombin concentrate approved for adults and paediatric patients with HAD, an often underdiagnosed blood clotting disorder that could…


Revenga smart bme

Revenga Smart Solutions requests extension of insolvency proceedings to continue negotiating entry of investment group into company’s shareholding structure

Renta 4 | According to an official statement, Revenga Smart Solutions has requested additional time from the Commercial Court to continue negotiating the entry of an investor group into the company’s shareholding structure. To this end, they would have the support of creditors representing more than 59% of total liabilities. The potential investor group has shown interest in acquiring a significant stake in the company, which gives the viability plan…


Banco Santander Fachada 720x320 1

Santander to redeem €1.033 billion in Cocos in advance, corresponding to 2020 issue

Link Securities | The bank announces that it has agreed to proceed with the voluntary early redemption of all outstanding Contingently Convertible Tier 1 Preferred Shares ‘4.375% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities’ (ISIN XS2102912966) outstanding, for a total nominal amount of €1.033 billion, which are traded on the Irish Stock Exchange’s Global Exchange Market (PPCC). The early redemption of all PPCCs, which has been authorised by…



Almirall edificio id

Almirall’s Physiorelax obtains extended indication for use from 12 years of age

CdM | Almirall (ALM) has announced the extension of the indication for Physiorelax, which can now be used from the age of 12 (compared to 18 previously). With this, the company reinforces the availability of safe and effective solutions for muscle care. Physiorelax is a range of topical creams formulated with natural ingredients, developed for everyday muscle care. Its unique formula is based on Helenalin2, a complex that combines arnica,…


telefonica nuevo logo

Colombian competition authority authorises sale of Telefónica’s subsidiary to Millicom

Norbolsa | Colombia’s competition regulator has approved the merger of Movistar and Tigo (a subsidiary of Millicom), but with conditions and possible penalties in the event of non-compliance, in order to facilitate the sale of Telefónica Colombia’s shares to Millicom. Following this operation, the sale of the Colombian government’s shares to Millicom and EPM’s shares to Tigo remains pending, in order to finalise Telefónica’s exit from the country as part…


durofelguera

Duro Felguera’s EGM approves company’s restructuring plan

Alphavalue / Divacons | The Asturian company’s shares fell by 4.27% on Friday after the extraordinary shareholders’ meeting approved the restructuring plan by a majority vote of over 99.99%. The roadmap includes debt relief, a €10 million capital injection from Prodi, the sale of non-strategic assets and a reduction of up to 500 jobs, according to Agencia EFE. The aim of the plan is to overcome financial and business difficulties…


colonial inmo

Colonial’s results in line with forecasts and show similar trend to previous quarters

Banc Sabadell | The results are perfectly in line with our forecasts and show trends very similar to those observed in recent quarters. Rental income: €296 million (up 1.0% versus Banco Sabadell’s 0.8% estimate); recurring EPS: €0.25 (down 3.9% versus the drop of 3.5% estimated byBanco Sabadell). Comparable rental income grew by 5% thanks to indexation and price improvements in renewals. Recurring EPS fell by 4% due to the higher…


Caixabank

Caixabank executes 95.79% of buyback programme, with maximum amount of €500 million

Alphavalue/DIVACONS | The Catalan bank, Caixabank (CABK), informed the National Securities Market Commission (CNMV) that the number of shares purchased to date as a result of the execution of the buyback programme (maximum amount €500 million) amounts to 58,760,550, representing an amount of €478,965,460, equivalent to 95.79% of the maximum monetary amount.


telefonica edificio

Telefónica meets with unions on Monday after announcing seven redundancy plans as part of cost-cutting plan

Alphavalue/DIVACONS | As we highlighted on Friday, the newspaper Expansión reported that Telefónica (TEF) will submit no fewer than seven redundancy plans (EREs) as part of its cost-cutting plan. It should be noted that the company plans to meet with trade unions on Monday to discuss these issues. We will be monitoring any developments. Telefónica shares rose 0.46% on Friday. Telefónica: Buy, Target Price €5.30/share.