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Ibex, Markets, Spanish economy 22nd January 2021

Grifols’ Anti-SARS-CoV-2 Hyperimmune Globulin Begins Clinical Trial In Patients With COVID-19

Grifols has announced that its anti-SARS-CoV-2 hyperimmune globulin has started a clinical trial to test its safety, efficacy and tolerability. This medicine provides a consistent concentration of purified neutralizing antibodies and could be used for both prevention and treatment of the disease. The clinical trial is the latest phase of an initiative that goes back to March when Grifols started work on its anti-SARS-CoV-2 hyperimmune globulin as part of a collaboration with U.S. government agencies.

Ibex, Markets, Spanish economy 20th January 2021

Large Corporate Moves For Solaria, But Stock Overvalued

Solaria, one of the few Spanish listed companies dedicated exclusively to solar photovoltaic generation, has closed a PPA agreement, in its financial form, with Shell Energy, which is the largest signed by the company to date. In addition, its price has revalued 44% in the last three months tahnks to the recent entrance in Solaria’s share capital of iShares, Invesco and the increase in BlackRock’s holding. However, analysts find its valuation is not justified.

Spanish economy, Spanish Small & Mid Caps 19th January 2021

Faes Farma To Expand Its Industrial Capacity With New Production Plant In The Basque Country

Renta 4 | Faes Farma will expand its industrial capacity with a new production plant in Derio (Vizcaya) in order to meet the strong growth expected by the company beyond 2024. The estimated investment will be around €150 M. This will be implemented over the next 4 years and will require an increase in staff of about 200 workers. The new plant will be located in the Zamudio Technology Park, with the potential to manufacture more than 100 M units of medicines.

Markets, Spanish economy, Spanish Small & Mid Caps 15th January 2021

CAF Is Awarded A Contract In France With Bombardier Worth €2.56 Bn

The French public transportation operator RATP has selected the offer of CAF and Bombardier to supply 146 trains for the second busiest suburban line in Paris for a joint value of €2.56 Bn. The consortium would have beaten the bid made by Alstom which could have offered a price 500M euros higher than that of the Spanish-Canadian consortium. In any case, Alstom will complete the takeover of Bombardier in two weeks, so part of the CAF contract will also benefit the French industrial group.

Ibex, Markets, Spanish economy 13th January 2021

Telefonica Sells Telxius Towers To American Tower For €7.7 Bn In Cash. Is This A Threat For Cellnex?

Renta 4 | Telefónica announced today that it has signed an agreement with American Tower to sell Telxius’ tower business in Europe (Spain, Germany) and LatAm (Brazil, Peru, Chile and Argentina). The price of the deal is 7.7 billion euros, payable in cash. It includes the sale of some 30,722 sites to be carried out in two separate operations. Although American Tower still has little exposure in Europe (some 30,000 towers after the Telxius purchase), it represents the main threat to the leadership position of another Spanish company, Cellnex, with over 103.000 sites

Ibex, Markets, Spanish economy 11th January 2021

IAG, Spanish Investors’ Favourite Stock In 2020

The shares of IAG, Iberia’s parent company, were the most traded by Spanish investors in 2020, said the European online broker Degiro, while Tesla Motors’ shares were the most traded in Europe this year. IAG’s shares are followed by Banco Santander’s, the Chinese electric vehicle company NIO (listed on the New York Stock Exchange) and the US manufacturer Tesla, on the Nasdaq.

Ibex, Markets, Spanish economy 5th January 2021

Abertis’ Makes First Major Investment In The US With The Purchase Of Elizabeth River Crossings In Virginia

The consortium formed by Abertis and Manulife Investment Management, a institutional infrastructure investor, have acquired from Macquarie Infrastructure Partners II and Skanska a 100% stake in Elizabeth River Crossings , in Virginia (US). The deal was closed for a total equity amount of €1bn. Within the consortium Abertis will hold 55.2%.

Ibex, Markets, Spanish economy 30th December 2020

Unicaja, Liberbank Re-Order The National Banking Map With Their Merger: The Fifth Spanish Bank Has Arrived

The boards of directors of Unicaja and Liberbank finally approved the merger of the two lenders. Unicaja will control 59.5% of the resulting entity, while Liberbank will own the remaining 40.5%. This operation creates the fifth largest national banking group, which will start operating from June, with an asset volume over €108 Bn. For Bankinter’s analysts, the deal a priori makes strategic sense in terms of scale and diversification, as well as financial sense (efficiency and profitability). But the key is in the details.

Ibex, Spanish economy 24th December 2020

Enagás and Naturgy promote the largest green hydrogen plant of Spain

Enagás and Naturgy will work together to develop the largest hydrogen plant in Spain in León. The aim will be to produce up to approximately 9,000 tons per year of renewable hydrogen from a 400 MW photovoltaic plant and an electrolyzer of up to 60 MW. The energy generated will not only be used to cover local consumption, but will also be injected into the gas network and be an option for future export to northwestern Europe.

Ibex, Spanish economy 24th December 2020

Banco Santander Launches LandCo, A Land Management Company With A Gross Value Of €4.5 Bn

Banco Santander has once and for all launched its land management company, transferring 13,000 assets from the bank with a gross value 4.5 billion euros. These are located in 3,500 different urban areas. Of the total number of plots, 45% have the qualification of finalist land, 40% of land under management, and 15% of rustic. The management company has been renamed LandCo (its previous name was Landmark).

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