Alphavalue/DIVACONS | The Asturian company estimates that the redundancy plan will affect a total of 249 workers, representing approximately 17% of a workforce of around 1,400 employees. This measure is part of the adjustment process initiated by the company and comes after the negotiating committee was finally established on Friday in its second attempt.
Link Securities | Meliã Hotels (MEL) has repurchased 50% of Paradisus Salinas Lanzarote from Victoria Hotels & Resorts, a company formed by Bankinter and its high net worth clients, GMA and the hotel chain itself, according to Expansión newspaper. The deal was closed at a price of €36.5 million, valuing 100% of the hotel at more than €70 million. As Meliá continues to hold 7.5% of Victoria Hotels & Resorts…
Intermoney | The Spanish multinational (Buy, PO 63€), through its subsidiary FlatironDragados, has been awarded a contract in the US to build new railway tracks in the state of Virginia for around €355 million, according to Expansión. ACS has won this contract in a consortium with the local company Herzog. The works will be carried out on the Franconia-Springfield bypass starting this month and will be completed in 2029. The…
Link Securities | Iberdrola (IBE) announced on Thursday that it has completed the acquisition of the energy distribution, marketing and generation business of Electra del Maestrazgo, a family-owned utility based in Castellón, according to the Bolsamania website. The statement also highlights that it expects a ‘positive impact on its accounts’ from this acquisition and anticipates that this will be reflected in its results. Iberdrola explained that the National Commission for…
Alphavalue/ Divacons | The two construction companies, through a consortium formed in equal parts by both groups, will build the first section of high-speed rail between Burgos and Vitoria. The award of this section of the Basque AVE, valued at €323 million, comes after the disqualification of other competitors such as ACS, Acciona, Sacyr, OHLA and Grupo San José. The starting price for the tender proposed by Adif, the public…
Renta 4 | Grifols has resumed a project it has been working on since 2020 to build a new fractionation plant that will enable it to double its production capacity in Europe. The new factory will be located in Llica del Vall in the province of Barcelona, on land adjacent to its Parets del Valles complex, on an 80,000-square metre site that the company acquired for this purpose in 2018….
Alphavalue/DIVACONS | The European Commission announced on Thursday that it was opening infringement proceedings against Spain over the conditions imposed by the government on BBVA’s takeover bid for Banco Sabadell (SAB). Brussels specifically objects to the discretionary powers granted to the government by Spanish law to block such transactions. The EU executive considers that the scope of these powers exceeds the scope of the general interest. BBVA: Buy, Target Price…
Renta 4 | Técnicas Reunidas (TRE) will publish its 2Q25 results on 31 July before the market opens (results conference call – 11:00 CET), in which we expect to see a continued gradual improvement in margins, paving the way to meet the 2025 guidance of an EBIT margin of around 4.5%. Additionally, we do not rule out that following the company’s announcement that some customers had requested an acceleration in…
Link Securities | On Wednesday, the electricity company signed a €2.5 billion credit facility with 32 international financial institutions, a transaction that was oversubscribed by 45%. The credit facility, which will have an initial term of five years, extendable for another two years, has multi-currency terms and has been secured at the most competitive cost of all the facilities currently available to the company. With the agreement signed, more than…
Link Securities | At the Extraordinary General Shareholders’ Meeting of Faes Farma (FAE) held on Wednesday, the proposal of the Board of Directors contained in the sole item on the Agenda was approved: Approval of the acquisition of 100% of the share capital of Sifi, S.P.A. With this approval by the shareholders, Faes Farma takes another step towards completing the acquisition of Sifi, which represents a transformational step in its…