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Pharmamar

Companies 3rd October 2025

FDA approves Zepzelca (Pharma Mar) + Tecentriq (Roche) combination therapy for treating lung cancer

Bankinter | The FDA has authorised the combination therapy as a first-line maintenance treatment for adults with advanced small cell lung cancer, following platinum-based therapy. Bankinter analysis team’s view: Positive news, Zepzelca was approved as a second-line treatment, now it moves to first-line and maintenance, making it the first choice for oncologists. This approval should be reflected in an increase in royalty income, direct sales of the drug and sales…

bbvasabadell

Companies 3rd October 2025

One week before deadline for accepting offer, BBVA secures 10% of Sabadell’s capital

Link Securities | Preliminary figures on the percentage of Sabadell shareholders accepting BBVA’s takeover bid suggest that the Basque bank has secured 10% of the Catalan bank’s capital, according to today’s edition of Expansión newspaper. With one week to go before the offer acceptance deadline, BBVA has secured 3.86% from Mexican investor David Martínez and around 30% from index funds, which account for 20% of Sabadell’s capital, and 1% from…

Santander EEUU 1

Companies 3rd October 2025

US considering no longer treating EU as single market to increase capital ratios for foreign banks; Santander would be most affected

Renta 4 | According to press reports, the US is seeking to improve the competitiveness of American banks vis-à-vis their European counterparts and is considering increasing capital requirements for foreign banks. The change would be due to the impact of no longer considering the European Union as a single market. Since 2022, the European Union has been considered a single market and is recognised in the calculation of ratios as…

Repsol nueva

Companies 3rd October 2025

Repsol negotiates agreement with US to unblock €330 million of energy assets in Venezuela

Banco Sabadell | According to press reports, Repsol is in intense negotiations with the US government to unblock its energy assets in Venezuela, valued at €330 million (2% capitalisation). Since the trade blockade imposed by Donald Trump in March, the company has been unable to export hydrocarbons as compensation for PDVSA’s historical debts to it. Repsol is seeking White House authorisation for a compensatory agreement that would allow it to…

Talgo

Companies 2nd October 2025

Trilantic and Talgo buyer consortium to modify purchase price of 29.8% held by fund to €4.25 per share

Link Securities | The Spanish train manufacturer is beginning the countdown to complete the change of majority shareholder that began at the end of 2022, after the British fund Trilantic notified its intention to divest its majority stake, according to a report published today by the digital newspaper elEconomista.es. The company’s CEO, Gonzalo Urquijo, acknowledged yesterday in a meeting with analysts that the management’s timetable envisages completing the transaction in…

Rovi nuevita

Companies 2nd October 2025

Laboratorios Rovi’s Acquisition of CDMO plant in US provides attractive opportunity for profitable growth

Banc Sabadell | From the meeting held by the management of Laboratorios Rovi (ROVI) to explain the acquisition of a CDMO plant in the United States, we highlight the following messages: They do not expect the CDMO plant to be accretive to earnings for a couple of years, but they do expect a significant increase in profitability with the entry of new customers in the pre-filled syringe line. In any…

Telefonica Murtra 1

Companies 2nd October 2025

Murtra says Europe must establish solid roadmap for AI to be relevant global player

Alphavalue/DIVACONS | The president of the Spanish telecommunications company, Marc Murtra, commented that Europe must establish a solid roadmap to consolidate itself as a relevant global player in the field of Artificial Intelligence (AI). In his view, there is a dichotomy in that ‘in Europe, we have very ethical AI, but we are regulating nothing,’ while powers such as the United States and China are making ‘astronomical investments’ in this…

defensa

Companies, Relevant News Item 2nd October 2025

ACS, Acciona and Ferrovial jump on defence investment bandwagon: involved in projects worth around €25 billion

Bankinter | Spanish construction companies have managed to enter military investment programmes with projects valued at around €25 billion in the last three years and are aiming for new contracts, according to Expansión. The forecast is that spending on military infrastructure will grow annually to reach €130 billion in 2035. The main projects at the moment are focused on the renovation and expansion of shipyards, naval bases and other military…

Iberdrola Renovables 1

Companies 1st October 2025

Iberdrola strengthens alliance with Norway’s sovereign wealth fund with addition of 708 MW of renewable capacity

Alphavalue/DIVACONS | Iberdrola (IBE) strengthens its joint venture with Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, by adding an additional 708 MW of renewable capacity, corresponding to the Ceclavín (328 MW) and Tagus XL (380 MW) photovoltaic facilities, both located in Extremadura (Spain). As in previous additions, Iberdrola will maintain a majority stake of 51% in these assets. This new agreement consolidates the strategic alliance of 2,500…

Aena nuevo

Companies, Relevant News Item 1st October 2025

Moody’s raises Aena’s credit rating to A2 due to recent improvement in Spain’s sovereign rating

Intermoney | Aena (AENA) (Hold, PO €24) announced on Tuesday after the market closed that Moody’s rating agency has raised its long-term debt rating to A2 from A3. The agency states that this move is explained by the recent improvement in Spain’s sovereign rating, in which Aena remains one notch above due to stronger credit fundamentals, demonstrated by its access to foreign banking markets. Moody’s adds that Aena benefits, among…