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Cellnex new

Spanish economy 9th November 2023

Cellnex enters into an absolute return swap agreement for €150 million

Link Securities | In a Significant Event it was reported that Cellnex Finance Company, S.A. (Unipersonal), a wholly-owned subsidiary of Cellnex (CLNX), has entered into a total return equity swap contract with a global financial institution, guaranteed by the company, in relation to Cellnex shares for a notional amount of €150,000,000 which, at current market prices, represents approximately 5,000,000 Cellnex shares, or approximately 0.7% of its share capital, maturing within…

spain poverty oxfam

In Spain 8th November 2023

8.1 % of Spaniards, 3.8 million people, suffer severe poverty, according to Cáritas Española report

Housing has become a “great bottomless pit” for three million families in Spain, who have to spend more than six out of every ten euros (63 %) on household expenses, supplies and food. According to the report “Income and expenses: an equation that conditions our quality of life” presented this Tuesday by Cáritas Española and the Foessa Foundation, 16.8% of families fall below the severe poverty threshold once housing and…

ohla torre espacio

Spanish economy 8th November 2023

OHLA to participate in reconstruction of railway station in Czechia for more than €120 million

Link Securities| OHLA will participate in the Temporary Joint Venture (TJV) in charge of the reconstruction of the Brno-Královo Pole railway station, located in the Czech Republic, for more than €120 million, through its subsidiary OHLA ZS, as reported on Monday by Europa Press. This is one of the main railway contracts awarded by the company this year in the country and includes railway superstructure and substructure, platforms, bridges, walls,…

Unicaja

Spanish economy 7th November 2023

Norges Bank increases stake in Unicaja to 7.47%

Norges Bank has increased its stake in Unicaja’s capital to 7.47%. This was communicated this Monday to the Spanish Securities and Exchange Commission (CNMV) after increasing by more than two points from the 5.4% it previously held. Of this percentage, 4.261 points are held directly, while 3.21 are structured through financial derivatives. According to the same information, Norges now holds 2.654 million shares. Thus, Unicaja’s capital would be made up…

Reig Jofre

Spanish economy 7th November 2023

Laboratorios Reig Jofre produces in Barcelona and markets in Japan a record 15 million vials of Remifentanil anaesthetic

Link Securities | Laboratorios Reig Jofre (RJF) has informed the CNMV that it has reached an important milestone together with its partner Maruishi Pharmaceutical in Japan: the production in Barcelona and commercialisation in Japan of 15 million vials of the anaesthetic Remifentanil, a latest generation intravenous anaesthetic for hospital use. This product, developed internally by the company, is produced in RJF’s sterile and lyophilised injectables plant. RJF’s plants are responsible…

pedricola

Spanish economy 7th November 2023

Real per capita income of Spanish households 0.7% below 2007, third worst in OECD

Real per capita household income in Spain at the end of the second quarter of 2023 remains 0.7% below that of the first quarter of 2007, before the financial crisis, making the country the third worst performer in the OECD in this macroeconomic indicator, according to data published on Monday by the organisation. While in the OECD countries as a whole, per capita household income in real terms (i.e. after…

indra edificio

In Spain 6th November 2023

Indra to adapt European single window regulation to Spain’s 46 ports, and be in charge of maintenance and support to users

Link Securities| The company has been awarded the contract by Puertos del Estado for the technological renovation of the maritime port single window in Spain. The tender seeks to provide it with new functionalities and adapt it to the European environment to improve the competitiveness of ports and national foreign trade, as reported yesterday by Europa Press. Specifically, Indra will adapt the Dueport national single window system to the European…

caixabank sunset

In Spain 6th November 2023

ERC and Junts demand transfer of supervision of La Caixa Foundation, with major holdings in Ibex35, to Generalitat

Link Securities| The pro-independence bloc formed by ERC and Junts demands the transfer to the Generalitat of the supervision and oversight of the La Caixa Foundation, which now depends on the Ministry of Economy, according to financial sources informed the digital newspaper VozPópuli. This is a strategic move for Catalonia, as the Foundation has major holdings in the Ibex-35 index. Through Criteria, its investment arm, it is the largest shareholder…

unemployment office

In Spain 6th November 2023

Employment in Spain: Social Security gains 92,862 contributors in October, while unemployment rises by 36,936

CdM| According to data published this Friday by the Ministry of Inclusion, Social Security and Migration, unemployment in Spain rose by 36,936 people in October compared with 19,800 the previous month (+1.3%), weighed down by the end of the tourist season. This rise makes it three consecutive months of increases in unemployment. With these figures, the total number of unemployed remains above the 2.7 million mark, from which it fell…

The second economic transition for Spain

In Spain 3rd November 2023

Autonomous Communities cry out against debt write-off agreed by PSOE and ERC: “What Catalonia does not pay, we all pay”

The majority of regional governments, including two of the PSOE, have criticised the cancellation of €15,000 million worth of debt. Castilla y León and Murcia have announced that they will take the matter to court. The confirmation that Pedro Sánchez has agreed to forgive €15 billion of debt to Catalonia, plus another €1.3 billion in interest, has triggered a cascade of reactions in the territories that consider it a comparative…