Companies

Companies 26th March 2026

Meliã enters Tunisian market after signing partnership with Management Hospitality Group to operate five hotels

Link Securities | Meliã Hotels International (MEL) is making a strong entry into Tunisia. The Spanish hotel chain has signed a strategic partnership with Management Hospitality Group (MHG) to operate five new hotels in the African country and reach 3,000 rooms in this destination by 2030, according to Expansión. The first step in this strategy will be the opening this year of a resort operating under the Meliã Hotels &…

Companies 26th March 2026

Merlin Properties increases capital by 10% to finance Phase III of data centres

Intermoney | Merlin Properties (MRL) (Buy, Target Price €15) announced on Wednesday, after the market closed, a capital increase via an accelerated bookbuilding (ABB) process. The SOCIMI will issue 52.3 million shares, or 10% of the share capital, which at yesterday’s closing price would represent a capital inflow of €768 million. Both Santander and Nortia, Manuel Lao’s vehicle, with stakes in Merlin of 24.7% and 8.2% respectively, have confirmed that…

Companies 26th March 2026

ACS wins €200 million contract in UK through consortium

Link Securities | ACS (ACS) has strengthened its position in the UK by winning, through a consortium in which its subsidiary Hochtief is a partner, a €200 million contract for the University of Southampton’s accommodation project, according to the newspaper Expansión. The University of Southampton plans to increase its student numbers to 30,000 by 2031 and needs to expand its accommodation facilities to meet this demand. Hochtief, which forms part…

Companies 26th March 2026

Iberdrola secures €700 million in funding to develop Eastern Green Link 4 project in UK

Link Securities | Iberdrola (IBE) has secured £600 million (around €700 million) in funding from the National Wealth Fund to develop the Eastern Green Link 4 project, an undersea electricity interconnector between Scotland and England, according to Bolsamanía. This infrastructure, which will be the company’s third project of its kind in the UK, will help strengthen the country’s energy security and advance its electrification goals, against a backdrop of growing…

Companies 25th March 2026

Tubos Reunidos formally submits redundancy plan to works council; scheme to ultimately affect 285 workers, compared with 301 originally planned

Link Securities | The Basque company Tubos Reunidos (TRG) has formalised the redundancy plan (ERE) with the works council, affecting 285 workers compared to the 301 initially planned, according to a report in Expansión on Wednesday. The initial workforce prior to the redundancy plan stood at 1,217 jobs, 889 in Amurrio (Álava) and 326 in Trápaga (Vizcaya), meaning the redundancies will have a greater impact on the Álava workforce, where…

Companies 25th March 2026

Indra to design and manufacture self-propelled artillery systems for Spanish Armed Forces at Gijón plant in collaboration with Hanwha Aerospace

Link Securities | Indra and Hanwha Aerospace, a subsidiary of Hanwha Group, signed a binding agreement on Tuesday for the development of self-propelled artillery systems tailored to the needs of the Spanish Armed Forces. According to a company statement, this will provide Spain with autonomous capability and sovereignty in the design and manufacture of state-of-the-art tracked ground platforms, the digital portal Bolsamania.com reported yesterday. The planned work will require an…

Companies, Relevant News Item 25th March 2026

Grifols to evaluate potential U.S. IPO for part of Biopharma business, but retaining control of listed subsidiary

Renta 4 | According to a regulatory filing, the Board of Directors will begin evaluating a potential U.S. IPO of a minority stake in Grifols Biopharma US. The parent company would remain listed in Spain and retain control of the U.S. business. The transaction would allow the company to raise capital to strengthen the group’s balance sheet and reduce debt (which stood at 4.2x debt-to-EBITDA at the end of 2025)….

Companies 24th March 2026

FCC’s environmental subsidiary renews waste collection contract in Palm Beach, Florida, for another seven years, worth €113 million

Alphavalue / Divacons | FCC Environmental Services, a subsidiary of FCC Enviro, has renewed its waste collection and recycling contract for part of Palm Beach County, Florida, worth $130 million (€113 million). With this award, the Spanish company, which has been operating in the area since 2019, has now provided services to the county’s residents for 14 consecutive years through various contracts. FCC Environmental Services plans to recruit 85 professionals,…

Companies, Relevant News Item 24th March 2026

Puig Brands in talks with Estée Lauder regarding potential merger: resulting company could have market capitalisation exceeding €35 billion

Renta 4 | According to a regulatory announcement issued by the company itself, it is in talks with Estée Lauder regarding a potential merger. According to the same information, no decision has been taken and no agreement has been reached at this stage, and neither the transaction nor its terms can be guaranteed. If the deal goes ahead, the resulting company could have a market capitalisation exceeding €35 billion, with…

Companies, Ibex 24th March 2026

Indra shares fall 2.93% amid doubts over Ángel Escribano’s future as chairman

Alphavalue/Divacons | Shares in the Spanish IT services and consultancy firm fell by 2.93% on Monday. The market is reacting to doubts over Ángel Escribano’s continued tenure as chairman, following confirmation last Thursday that Escribano Mechanical and Engineering (EM&E) was withdrawing from the merger with Indra (IDR), whilst retaining Escribano at the helm of the firm. Ángel Escribano’s future as the company’s chairman remains shrouded in uncertainty after he was…

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