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redeia fachada

Companies, Ibex 16th February 2026

CNMC asks Red Eléctrica to submit grid access capacity map before 20 February

Link Securities | The National Commission on Markets and Competition (CNMC) has given Red Eléctrica (REE), a subsidiary of Redeia (RED), until Friday 20 February to submit the so-called ‘map of electricity transmission network access capacity’, according to Expansión newspaper. In other words, the high-voltage network operator in Spain must detail which nodes are available to connect new electricity consumers, such as data centres. The CNMC is thus putting pressure…

aena

Companies, Ibex 7th January 2026

Aena to propose raising airport charges between 3% and 5% annually for 2027-2031

Alphavalue/ Divacons | The airport operator will propose increases in airport charges paid by airlines of less than 6% until 2031, according to its president Maurici Lucena in Expansión. The company is in talks with airlines and the final fees will have to be approved by the Spanish government in September. The fee increase would help finance a €13 billion investment plan to expand airports that are approaching their capacity…

stock markets 777x400 1

Markets 2nd January 2026

Transition session towards next week, when activity should return to normal after Christmas

Rentra 4 | European markets open lower (Eurostoxx futures -0.40%, S&P 500 futures +0.45%) in the first session of the year, with the main European and American indices very close to historic highs. At the macro level, we highlight the publication of the final manufacturing PMIs for December: Germany (47.7 estimated and preliminary versus 48.2 previously), France (50.6 estimated and versus 47.8 previously), Eurozone (49.2 estimated and preliminary versus 49.6…

electricity

Ibex 22nd December 2025

Redeia and Endesa: Council of State questions CNMC on network remuneration methodology

Banco Sabadell | According to press reports, the Council of State has issued a legal ruling questioning the legal validity of the circular on network remuneration methodology, particularly the Totex model, as linking remuneration to future demand introduces a market risk that is incompatible with the regulated nature of the activity, while imposing limits on investment could encroach on the Ministry’s powers. However, with regard to the circular on the…

Naturgy edificio 640x420

Ibex 18th December 2025

Blackrock sells 7.1% of Naturgy stake, becoming fourth largest shareholder

Alphavalue / Divacons | Blackrock adjusted its stake in Naturgy to 12.6% after selling 7.1% held through Global Infrastructure Partners (GIP), according to the latest update of the National Securities Market and (CNMV) records published yesterday. This makes the investment fund the fourth largest shareholder, behind Criteria (23.96%), CVC (18.58%) and the Australian fund IFM (15.16%). Meanwhile, CriteriaCaixa strengthened its position as Naturgy’s main shareholder by increasing its stake to…

warnerbros

Markets 9th December 2025

Paramount Skydance launches bid for Warner Bros exceeding Netflix’s offer: at $30 per share, valuation is $108.4 billion against $82.7 billion

Bankinter | Paramount Skydance launches a takeover bid for Warner Bros at $30.0 per share. The payment would be made in cash and represents a premium of 139% based on the share price prior to the news of a possible purchase of the company. It therefore exceeds the offer from NETFLIX (£96.79; -3.44), which is offering £27.75 per share in a combination of cash and shares. Overall, Paramount’s offer values…

black friday line

Markets 28th November 2025

Christmas sales season begins with Black Friday, followed by Cyber Monday, which will shed light on evolution of private consumption

Renta 4 | After a session with almost no movement yesterday in Europe, today we are back on track with Wall Street (which will only open for half a session after yesterday’s Thanksgiving closure). We would also like to remind you that today marks the start of the Christmas sales season with Black Friday, followed by Cyber Monday on Monday, which will shed light on the evolution of American private…

bbva sabadell

Companies, Ibex 25th September 2025

BBVA admits second takeover bid for Sabadell could compromise capital distribution plan

Alphavalue/DIVACONS | BBVA (BBVA) admits that a second takeover bid for Banco Sabadell (SAB) could compromise its capital distribution plan, according to Expansión. The bank notes the ‘negative impacts’ that a possible second takeover bid for Banco Sabadell, which would be financed with ‘available resources’, would have on its solvency. Meanwhile, Zurich Insurance Group (Add, Target Price CHF 635) notified the National Securities Market Commission (CNMV) that it owns 4.947%…

altri logo

Companies, Markets 23rd September 2025

Altri loses electrical substation and grid connection for construction of new plant in Palas de Rei Lugo

Renta 4 | According to information published in the press, the secretary general of the Socialist Party of Galicia has confirmed that the central government will deny Altri the electrical substation and grid connection it requires for the construction of the new plant in Palas de Rei (Lugo). This refusal comes on top of its exclusion from the Perte decarbonisation programme and the €250 million in European aid requested by…

telefonica edificio

Companies, Ibex, Relevant News Item 19th September 2025

Telefónica given regulatory approval for sale of Telefónica Uruguay for €373 million

Renta 4 | The regulatory authorities in Uruguay have approved the acquisition of Telefónica Uruguay by Millicom. Telefónica Hispanoamérica S.A., a wholly owned subsidiary of Telefónica, reached an agreement in June with Millicom Spain S.L. to sell its 100% stake in Telefónica Uruguay. The agreed price was $440 million (approximately €373 million). Assessment: This news was expected given that Millicom was not present in Uruguay. This transaction confirms the divestment…