Link Securities| The company wants to double its size in India, where it is growing by more than 10% a year, over the next three years, Expansión reports today. It wants to sell eight million litres in 2026, compared to four million in 2022. Deoleo is increasing its diversification with the Figaro Baby line, and will launch a shampoo to take advantage of the cosmetic use of olive oil in…
Singular Bank: Europe’s largest real estate company has presented its results for the first nine months of the year, where the highlight is the sale of assets for a total of €1.7 billion, such as 30% of its northern German portfolio to Apollo for €1 billion, a portfolio to CBRE for €357 million at a discount of 4% and other small sales at an average discount of 7% to fair…
BancoSabadell: At the beginning of the week, the aeronautical company announced the delivery of 55 aircraft in September (compared to 52 in August ’23 and 55 in September ’22), bringing total deliveries in 2023 to 488 (against 437 in August ’22; +12%). On the other hand, a total of 23 new orders and no cancellations were recorded during the month. Considering cancellations for the year as a whole, net orders…
Link Securities| Vivia, one of the rental platforms that is expected to grow in the country in the coming years, already has 1,740 units in its portfolio projects, according to company sources, the newspaper Cinco Días reports today. Grupo Lar, together with the Primonial fund, launched this initiative in 2021 in which they intend to add 5,000 homes with an investment of €1 billion. When it is up and running,…
Renta 4| The company has informed the CNMV that QatarEnergy has awarded it the additional engineering, procurement and construction (EPX) works for the off-plot Liquefied Natural Gas (LNG) facilities of the North Field South project. The contract is worth $560 million (€520 million), the fourth contract awarded by QatarEnergy to Técnicas Reunidas in the last 24 months. Assessment: Positive impact on the share price given the amount of the contract,…
Alphavalue / Divacons| The UK-based chip design company is preparing its US IPO, which could come as early as September. Arm’s owner, Softbank, needs a high assessment to clean up its image after recent fiascos. The IPO could fetch a valuation of around €60 billion, the highest in the US this year. But the situation appears to be complex, given that the chipmaker’s main market has stopped growing, its model…
CdM | EDP Renewables (EDPR) has officially inaugurated its first hybrid project in Poland, combining wind and solar power, with the commissioning of a new 45 megawatt (MW) photovoltaic park in Konary, in the west central part of the country. The project is also the third hybrid project implemented by EDPR globally, the company said in a statement on Tuesday. The Konary PV farm will use the same receiving station…
Link Securities | BlackRock has downgraded its stake in Banco Sabadell from the 4.460% it held since 14 February to 3.964%, according to the notification sent on Monday to the Comisión Nacional del Mercado de Valores (CNMV), reported Europa Press. Taking into account the current share price of the Catalan bank, BlackRock’s stake is valued at around €215 million. With this reduction, the fund’s stake in the bank is the…
Link Securities| The Norwegian Pension Fund, considered the world’s largest sovereign wealth fund, has in recent months strengthened its holdings in some of Spain’s listed companies. Last week, Norges Bank announced a 5.03% position in Repsol, a position valued at current prices at €908.7 million, after starting the year with 3.21% of the share capital. A few days earlier, it acquired a new package of shares in Solaria, going from…
Alphavalue / Divacons| The company has taken a 3.01% stake in Inmobiliaria Colonial, according to CNMV data. Thus, at current prices, the almost 16.3 million shares have a value of €85.9 million. On the other hand, our analysts have upgraded their EPS estimates for the Spanish holding company. We improve our 2023 EPS forecast by +24% (€3.56/share vs. €2.87/share previously expected) and for 2024 EPS by +22% ( €4.04/share vs….